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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.
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Why Intel Stock Soared Today
Intel ( INTC 5.64%) stock is leaping higher in Friday's trading thanks to a pair of bullish catalysts. The semiconductor ...
3don MSN
Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the ...
Shares of Intel (INTC -6.89%) have soared more than 20% so far in August. The struggling chipmaker is still facing serious issues, with market share losses to AMD piling up and a ...
President Trump had urged CEO Lip-Bu Tan to step down over his past ties with China. But the narrative flipped last week ...
The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...
The Trump administration is talking about buying stock in Intel and starting a sovereign wealth fund. There isn't a dumber, ...
Late Edition" focuses on the intersection of politics and global business. On today's show, Former Kansas City Fed President, ...
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