The US government is taking a 10 percent stake in Intel

2 months ago 5

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel's previously promised CHIPS Act funding into equity in the company was first reported earlier in August.

A meeting between Intel CEO Lip-Bu Tan and Trump followin...

Source: https://www.engadget.com/big-tech/the-us-government-is-taking-a-10-percent-stake-in-intel-205047622.html?src=rss

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