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SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports, as talks with the company and Trump's team advance.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
4mon MSN
The Trump administration confirms it’s seeking a stake in Intel. Why? It depends who you ask
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is ...
The US government is weighing a plan to take roughly a 10% equity stake in Intel by converting part of the company’s awards ...
Shares of Intel closed about 3.7% lower on Monday, after rallying last week on hopes of U.S. federal support. Intel has been ...
The Trump administration is in discussions to take a stake of about 10% in Intel Corp., a move that could see the US become the beleaguered chipmaker’s largest shareholder.
A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a reported 10% stake by the U.S. would be worth about $10.4 billion as of Monday’s ...
The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once ...
Money earmarked for the company under the Chips Act could be converted into equity.
The chip maker’s future was dangling by a thread even before its CEO controversy.
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