Reported 1 day ago
The US government has taken a 9.9% ownership stake in Intel, investing $8.9 billion to support the struggling chipmaker. This passive investment, funded by previous grants under the CHIPS Act, comes amid Intel’s efforts to stabilize its business while facing intense competition and technological challenges. Despite these hurdles, Intel remains pivotal in US semiconductor manufacturing, as highlighted by President Trump's endorsement of the deal.
Source: YAHOO