Intel beat estimates on earnings but lagged the same on revenues. It provided a dismal second-quarter revenue guidance, underscoring concerns over the company's growth prospects.
The $6.1 billion in grants to Micron (MU) is likely to facilitate the construction of cutting-edge memory fabs in Idaho and New York, paving the way for a resurgence of semiconductor production on American soil.
Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.