Washington, Aug 22, 2025 (AFP) - Trump, Intel announce deal giving US a 10% stake in chipmaker

NAMPA / AFP

2025-08-23

Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday. The deal came after Trump's administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president. Under the agreement, the US government will receive 433.3 million shares of common stock, representing a 9.9 percent stake in the company, Int......

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