Leading semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) has grabbed investors’ attention at a time when the prospects for government-backed growth incentives are getting brighter. The stock rallied 5.5% on Tuesday, ahead of the Senate voting session that will decide the fate of The Chips for America Act, which is designed to boost the U.S. semiconductor industry. The U.S. Senate has voted by 64 to 34 to proceed with a trimmed version of the proposed legislation, per a Reuters report. The bill is expected to be approved in the Senate and the House of Representatives by the end of next week.
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Intel (NASDAQ:INTC)
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