2.2K views · 33 reactions | The Biden administration announced Intel will receive nearly $20 billion in grants and loans in what is the largest US government investment ever to boost domestic semiconductor chip manufacturing https://reut.rs/4ad8QSC | Reuters | Facebook

#VantageOnFirstpost: American chip-maker Intel will be cutting 15% of its workforce in a bid to cut costs amid mounting losses. Amid the churn in the chip industry, Intel is pivoting to manufacturing more advanced AI chips. Meanwhile, the industry leader Nvidia has lost 10% of its stock value in the last one month. What is causing this turbulence in this multi-billion-dollar industry? Palki Sharma tells you. | Firstpost