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Trump touts deal giving the US government a 10% stake in downtrodden Intel
WASHINGTON — President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company’s CEO as a conflicted leader unfit for the job.
Why Intel warns that government stake may hurt shareholders
On Friday, President Trump struck a deal with Intel. In exchange for around $9 billion in grants that the federal government awarded to the chipmaker during the Biden administration, the U.S. government gets an ownership stake in the company — just shy of 10%.
Intel outlined several risks it faces as the US takes a nearly 10% stake in the company, like diluting shares or hurting its ...
In an SEC filing, the chipmaker said the deal could cost it sales and open it up to backlash from other countries, business ...
The U.S. government acquired a 10% stake in Intel, converting previously awarded grants into equity, a move hailed by ...
Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by ...
(Reuters) -The Trump administration and Intel are poised to announce details of an agreement to give the U.S. government an ...
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