Reported 2 days ago
The Trump administration is reportedly in discussions to acquire a 10% stake in Intel by converting some of its Chips Act grants into equity, potentially valuing the stake at around $10 billion. This move follows a drop in Intel's shares and comes at a time when the company faces challenges in its foundry business and product roadmap. Federal backing could offer Intel a lifeline, as the U.S. government has a history of intervening in struggling companies, including during the 2007-2009 financial crisis.
Source: YAHOO