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US Government Makes $8.9B Investment to Take 10% Stake in Intel
Under the deal, the US government is committing $8.9 billion to purchase Intel stock, which would give the government a 9.9% stake in the company. That's in addition to the $2.2 billion grant Intel has already received from the US under the CHIPS Act, which was signed into law by former President Joe Biden in 2022.
The US government will invest nearly $9 billion into Intel Corp. (NASDAQ: INTC) in exchange for a 9.9% equity stake, marking ...
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 US government plan to take a stake in Intel Corp. would give the ailing chipmaker a powerful backer, even if a bigger ...
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