Intel will give U.S. government a 10% stake, Trump says
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18hon MSN
Intel announces $8.9 billion investment from US government, which will own 9.9% of chipmaker
The US government has taken an $8.9 billion, 9.9% stake in Intel (INTC), buying 433.3 million shares in the chipmaker at a price of $20.47 per share. The government’s investment in Intel will be passive ownership,
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.
The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden's CHIPs Act for the investment.
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