CHIPS and Science Act

Donald Trump has been elected as the 47th president of the United States, defeating his Democratic opponent Kamala Harris. Here’s a look at where Trump stands on issues surrounding the technology sector and some of the biggest companies on Wall Street. Tariffs: President-elect Trump has...

On Tuesday, Nvidia rival Wolfspeed Inc. (NYSE:WOLF) and the U.S. Department of Commerce signed a preliminary memorandum of terms for up to $750 million in funding under the CHIPS and Science Act. This announcement led to a surge in Wolfspeed’s stock, which rose over 16% in pre-market trading...

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower Monday. The company has received a subpoena from the Department of Justice (DOJ) requesting information related to certain federal award applications.  The Details: According to a regulatory filing from last week, the DOJ subpoenaed...

Intel Corp (NASDAQ:INTC) is set to slash its workforce after receiving billions of dollars from the federal government. The tech giant said it plans to cut 15% of its workforce, or about 15,000 jobs, after it received $8.5 billion in grants from the U.S. government, Fox Business reported. The...

Two technology sector AI plays — Arista Networks Inc (NYSE:ANET) and Globalfoundries Inc (NASDAQ:GFS) — will be reporting their first-quarter earnings on Tuesday. Globalfoundries will report before the market opens, Arista will report after market hours. Arista Networks: Powering Ahead With AI...