Reported about 16 hours ago
The Trump administration has announced an $8.9 billion investment in Intel, but this funding is sourced from previously awarded grants rather than new financial commitments. The investment includes $5.7 billion from the Biden administration's CHIPS Act and $3.2 billion from the Secure Enclave program. While Trump praised the deal, he previously criticized the CHIPS Act and alleged conflicts of interest involving Intel's CEO, though he later expressed support for their partnership. The government's investment will be passive, without governance rights.
Source: YAHOO