Reported 1 day ago
The Trump administration is in discussions to acquire a 10% stake in Intel Corp., potentially making the U.S. its largest shareholder. This move involves converting part of Intel's government grants from the Chips and Science Act into equity. The $10.9 billion in grants and $11 billion in loans could facilitate this investment as Intel faces stagnant sales and losses. The White House has yet to decide on this initiative, which mirrors a broader trend of government involvement in strategic sectors.
Source: YAHOO