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U.S. government seeks 10% equity stake in Intel

U.S. seeks 10% Intel stake for cash grants to stabilize the struggling chipmaker, says Treasury Secretary Bessent.

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11 months ago

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U.S. seeks 10% Intel stake for cash grants to stabilise the struggling chipmaker, says Treasury Secretary Bessent.


The U.S. government is seeking a 10% equity stake in Intel in exchange for cash grants approved during the Biden administration.

Treasury Secretary Scott Bessent stated that the investment aims to stabilise the struggling chipmaker.


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