Trump Administration Secures 10% U.S. Stake in Intel
TL;DR Summary
Intel's $8.9 billion investment from the Trump administration is actually from previously awarded grants under the Biden-era CHIPS Act and Secure Enclave program, not new funds. Trump praised the deal despite criticizing the CHIPS Act, which he called a 'horrible' policy. The investment is passive, with no governance rights, and reflects ongoing U.S. efforts to bolster domestic chip manufacturing.
- The Trump administration’s big Intel investment comes from already awarded grants TechCrunch
- U.S. takes 10% stake in Intel, Trump says NBC News
- Opinion | The Intel deal is a mistake The Washington Post
- Intel will give the U.S. government a 10% stake, Trump says NPR
- Trump, Intel Agree to 10% U.S. Stake as President Promises More Deals - WSJ The Wall Street Journal
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