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

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

US commerce secretary Howard Lutnick is looking into the White House taking equity stakes in Intel and other chipmakers in exchange for grants under the Chips Act, which aims to spur factory-building ...

They’ve agreed to do it and I think it’s a great deal for them,” Trump said at the White House, referring to Intel.

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

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office.

President Donald Trump insisted on the stake in exchange for large grants committed when Joe Biden was president.

The U.S. Government will make an $8.9 billion investment in Intel as part of an agreement with the Trump Administration, the ...

US commerce secretary Howard Lutnick has said that Intel must give the US government an equity stake if the company wants to ...

The move by the U.S. could open the door for similar deals with other chipmakers that received grants under the Chips Act ...

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

Commerce Secretary Howard Lutnick on Tuesday confirmed that the government wants Intel to cough up a 10% equity stake in ...