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US in talks over 10% Intel stake, White House confirms
The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel. "The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters.
The US government is in discussions to potentially take a partial ownership stake in Intel, according to an Aug. 18 report by ...
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
SoftBank will invest $2 billion into Intel as the struggling chipmaker pulls back on spending and lays off thousands of ...
After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock’s sudden rebound ...
The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in ...
U.S. Treasury Secretary Scott Bessent on Tuesday said any U.S. investment in Intel would be aimed at helping the troubled ...
Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...
Shares in the chip maker rose following news of SoftBank’s planned investment and a possible stake for the U.S. government.
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