News
Did Trump save Intel? Not really
SAN FRANCISCO, Aug 23 (Reuters) - U.S. President Donald Trump is injecting nearly $9 billion into Intel (INTC.O) in exchange for a 9.9% equity stake. But the money - which the struggling chipmaker was slated to receive anyway under a federal funding act - will not be enough for its contract-chipmaking business to flourish, analysts said.
President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer ...
The US investment in Intel is a rare example of the government taking a stake in a private company. INTC closed up on Friday ...
The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 ...
The United States government will own a 10% share of common stock in U.S. chipmaker Intel in exchange for $11 billion in ...
The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, ...
The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump ...
12hOpinion
Uncle Sam Shouldn’t Own Intel Stock
The Chips Act wasn’t about raising revenue, and an equity share wouldn’t enhance national security.
Sunday Morning Futures' anchor Maria Bartiromo joins 'Fox & Friends Weekend' to analyze the backlash to President Donald Trump announcing a stake in Intel.
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