Intel (INTC) has secured more than $7.9 billion in federal funding from the Biden administration's CHIPS Act.

Qualcomm (QCOM) is reportedly less interested in pursuing an acquisition of Intel, according to a Bloomberg report.

Tesla (TSLA) could be excluded from California Governor Gavin Newsom's proposed electric vehicle (EV) rebates, which the governor said will take effect if President-elect Donald Trump kills federal EV tax credits.

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This post was written by Naomi Buchanan.