Why Intel Stock Is Falling Today

Intel (NASDAQ: INTC) stock is losing ground in Tuesday's trading. The chip company's share price was down 3.8% as of 11:45 a.m. ET and had been down as much as 4.6% earlier in the day's session.Intel stock is falling today amid concerns that the company might not get funding that it's slated to receive as part of the CHIPS Act. In particular, recent reports appear to have investors worried that the company may not move ahead with the planned construction of a semiconductor fabrication plant in Ohio.Recently published reports show that officials in Ohio are concerned about whether federal funding for a planned chip fabrication plant in the state will actually arrive. The plant is projected to cost roughly $20 billion to build and likely won't be possible if funding from the CHIPS Act doesn't come through.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool