Funding awarded under Small Business Innovation Research program

Company currently employs more than 3,000 people in the country

Company is also looking to resolve strike action taking place at Indian factory

Union wanted an eight percent increase but was offered 5.7 percent

Plans to start selling products in 2027

Approximately 900 workers at factory near Chennai have walked out

Startup accuses company of infringing on patents related to its DPU offerings

Will be constructed in Maharashtra, India

Construction can start later this year after the JV was approved

Could include proposal to shed Altera chip unit or shelve German chip fab

CFO Colette Kress told analysts Blackwell demand is outpacing supply

Facility expected to be operational in 2027

Chipmaker also looking to fend off potential activist campaign from investors

Follows an investment round in May

Company planning to invest $18bn across the two states

Sales comes weeks after Intel posted Q2 2024 financial woes

Offerings now available for licensing

Union now has more than 36,500 members

Considering whether the transaction could lessen competition in the UK

Project has been scrapped by Labour government

Workers who are approved for the scheme will leave company on September 30

Collaboration between 36 partners from 11 countries

Company says automation will cut delivery times by one-third

Company planning to invest $5.5bn in the region over five-year period