In an unprecedented move to foster national semiconductor production, the U.S. government has attained a 10% equity stake in ...

US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel.

President Trump said Friday that Intel has agreed to give the U.S. government a 10 percent stake in the company. “They’ve ...

Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...

Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...

Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by ...

The unusual deal would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate ...