Trump Announces U.S. Government to Acquire 10% Stake in Intel
TL;DR Summary
President Trump announced that the U.S. government has acquired a 10% stake in Intel, investing approximately $8.9 billion, as part of a strategic move to bolster U.S. leadership in semiconductors and reduce dependence on foreign chip manufacturing. The deal was facilitated through government grants and aims to strengthen domestic chip production amid ongoing global competition, especially with China.
Topics:top-news#business#intel#semiconductors#technology-investment#trump-administration#us-government-stake
- Trump says U.S. government taking a 10% stake in tech giant Intel CBS News
- Intel Agrees to Sell U.S. a 10% Stake in Its Business The New York Times
- Opinion | The Intel deal is a mistake The Washington Post
- Intel will give the U.S. government a 10% stake, Trump says NPR
- US Senator Bernie Sanders backs Trump plan for government stake in Intel Al Jazeera
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