PALO ALTO, California -- The U.S. government will take a roughly 10% stake in Intel in exchange for outstanding federal grants, the chipmaker said Friday, after U.S. President Donald Trump touted the deal.
Semiconductors
US to take 10% stake in Intel with CHIPS Act, defense grants
Trump administration will not inject new capital into chipmaker
Intel says it has reached an agreement with the Trump administration to support U.S. chipmaking. © Reuters
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