With a 9.9% stake in Intel, the U.S. government has invested $8.9 billion in the faltering American chipmaker, one of Washington’s most direct interventions in the tech industry. The deal, which was revealed on Friday, followed weeks of secret negotiations between US President Donald Trump and Intel CEO Lip-Boo Tan. The 9.9 percent stake in […]
Tag Archives: CHIPS Act
23
Aug
Aug
Following reports that the Trump administration is considering purchasing stock in the faltering U.S. chip giant, Intel shares increased by almost 4% at the beginning of Friday’s trading session. This move could potentially transform the nation’s semiconductor industry. Bloomberg, which broke the story first and quoted people with knowledge of the discussions, claimed that the […]