Reported 1 day ago
The US government has invested $8.9 billion for a 9.9% ownership stake in Intel, purchasing 433.3 million shares at $20.47 each. This investment will be passive and does not include board representation. Funded by prior grants from the CHIPS Act and the Secure Enclave program, this move supports Intel as it navigates challenges in a competitive market, including losses to AMD and Nvidia in the AI space.
Source: YAHOO