Intel sells US Government 10% stake
2 days ago
- #Intel
- #CHIPS Act
- #US Investment
- Intel agrees to sell a 10% stake to the US, valued at $10 billion.
- Deal finalized after talks between Trump and Intel CEO Lip-Bu Tan.
- Trump previously accused Tan of ties to the Chinese Communist Party.
- Commerce Secretary Howard Lutnick proposed US stakes in chipmakers for CHIPS Act funding access.
- Senator Bernie Sanders supports the plan for taxpayer returns on investments.
- US likely to target chipmakers not increasing US investments, excluding companies like TSMC.