Tag Archives: Intel Investment

US takes 10% stake in Intel for $8 billion

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 […]