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Intel Corp. has agreed to the U.S. government taking a stake in it, President Donald Trump and the company announced Friday, capping an extraordinary chapter between the White House and the computer-chip maker.
Trump told reporters in the Oval Office that Intel had agreed to the U.S. taking a 10% stake in the company. Intel subsequently said in
a news release that the government will make an $8.9 billion investment in the company’s common stock, “reflecting the confidence the administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry.”
This post was originally published on Market Watch
