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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.
What Intel needs is external customers for its 14A manufacturing process - a tough ask, at least in the short term.
The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump ...
President Donald Trump announced that his administration will be conducting a "major tariff investigation on furniture," ...
The Trump administration and Intel Corp. are poised to announce details on Friday of an agreement to give the US government ...
The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 ...
Defense Secretary Pete Hegseth has fired a general whose agency's initial intelligence assessment of U.S. damage to Iran ...
While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not ...
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