Intel, Trump
Digest more
The Trump administration and Intel Corp. are poised to announce details on Friday of an agreement to give the US government an equity stake in the chipmaker, people familiar with the plan say.
The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick. Experts say the unconventional deal could backfire.
The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.
Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”
The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, according to a press release the company published on Friday.
Former Vice President Mike Pence expressed concerns about the US government taking an equity stake in Intel Corp. and a cut of Nvidia Corp.’s AI chip sales to China.
3don MSN
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 promised under Biden.
Considerable on MSN1d
SoftBank Plans $2 Billion Investment in Intel
Japanese technology giant SoftBank Group has announced plans to acquire a $2 billion stake in Intel, marking a significant investment in the American semiconductor industry. This move represents SoftBank’s growing interest in U.
Feedback