Intel agreed to sell 10% stake to U.S. government
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The US government takes a 9.9% stake in Intel with an $8.9B investment, but analysts warn funding alone may not save its struggling foundry business amid yield challenges and weak customer demand.
The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump administration, underlines how even the mightiest in tech can fall.
As the Trump administration considers taking an ownership stake in Intel, Ohio's senators are expressing their support.
Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”
A US government plan to take a stake in Intel Corp. would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies ahead: finding enough paying customers.
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