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News

Intel, White House

Politico on MSN · 16h
Trump White House takes a $10B stake in Intel
President Donald Trump on Friday said the U.S. government had reached a deal to take a 10 percent equity stake in the chipmaker Intel, worth approximately $10 billion. “I said, I think it would be good having the United States as your partner,” Trump said Friday at the White House. “ [CEO Lip-Bu Tan] agreed, and they’ve agreed to do it.”
BBC on MSN · 17h
White House announces chipmaker Intel to give US government 10% stake
US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel.
CNN on MSN · 8d
The White House reportedly discussing taking a stake in Intel, sending shares climbing
The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.
3don MSN

Chip Stocks Fall 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 ...
3don MSN

Bessent says the US wouldn't use a rumored stake in Intel 'to drum up business'

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

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