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US to Take 10% Equity Stake in Intel, in Trump's Latest Corporate Move
WASHINGTON (Reuters) -President Donald Trump said on Friday the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America.
Intel Stock Adds to Gains After Reports on U.S. Taking Equity Stake in the Company
Intel shares were up about 6% on the day, adding to earlier gains after reports that President Trump is set to announce the U.S. government is taking a nearly 10% stake in troubled chipmaker. The investment would cap a two-week frenzy in Washington over the future of the company.
President Trump confirmed today that the U.S. government will take a 10% stake in Intel, capping a pretty eventful two-week ...
Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
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Why Intel Stock Soared Today
Intel (NASDAQ: INTC) stock is leaping higher in Friday's trading thanks to a pair of bullish catalysts. The semiconductor ...
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Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday after it was announced that Softbank will invest $2 billion in the ...
In a just-breaking development, Bloomberg reports the Trump administration may take a 10% stake in Intel ( INTC -3.71%) -- ...
President Trump had urged CEO Lip-Bu Tan to step down over his past ties with China. But the narrative flipped last week ...
Intel’s stock surges on SoftBank investment and potential U.S. government stake. Here’s why the rally could crumble. Money ...
The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...
Japan’s SoftBank agreed to invest $2 billion in Intel, boosting the U.S. chip maker’s stock. On Monday, Intel announced ...
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the ...
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