News

Intel Agrees to Sell U.S. a 10% Stake in Its Business

The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 ...

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 ...

Trump Is Betting Big on Intel. Will the Chips Fall His Way?

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick.

The Long, Painful Downfall of Intel

The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump ...

Trump eyes US government stakes in other chip makers that received CHIPS Act funds, sources say

U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip ...

Trump administration reportedly weighs 10% stake in Intel via CHIPS Act grants, making government top shareholder

The Trump administration is reportedly discussing a deal to take a 10% stake in Intel, which could potentially leverage CHIPS ...

Trump Admin To Turn Intel's CHIPS Act Grants Into Equity, Says Howard Lutnick: 'Why Are We Giving A Company Worth $100 Billion, This Kind of Money?'

Commerce Secretary Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel Corp. INTC ...
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Intel confirms US govt stake under existing commitments

Intel noted in a recent filing that it had already received $2.2 billion under the CHIPS Act, with a further $850 million in reimbursements requested but not yet disbursed.