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In an all-hands, Intel CEO addresses employee concerns about the US election and CHIPS Act funding

  • Intel CEO Pat Gelsinger addressed employee concerns about the impact of the US election on CHIPS Act funding.
  • Intel has invested billions in US factories but has not yet received the CHIPS Act grants.
  • Nvidia will replace Intel in the Dow Jones Industrial Average, indicating Intel's declining influence.
  • Intel CEO expressed frustration over the slow distribution of CHIPS Act funds and policymakers are discussing additional help for Intel.

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