Key facts: Biden allocates $8B to Intel; PC demand rises; Intel partners with UAE
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- In November 2024, the Biden administration granted Intel nearly $8 billion to aid its $100 billion investment in U.S. semiconductor projects, with no equity stake for the U.S.1
- Intel's CFO, David Zinsner, noted stronger-than-expected PC demand driven by corporate upgrades to Windows 11, with current demand exceeding supply, a trend expected to continue through 2026.2
- Kerno Enterprises FZE and Intel Corporation have agreed to develop AI and edge computing solutions in the UAE, boosting local manufacturing and supporting the 'Made in the Emirates' initiative.3