The United States government will own a 10% share of common stock in U.S. chipmaker Intel in exchange for $11 billion in already-promised federal funding.
Aug. 22 The United States government will own a 10% share of common stock in U.S. chipmaker Intel in exchange for $11 billion in already-promised federal funding.
President Donald Trump and Intel officials announced they reached an agreement on the federal stake in the California tech firm on Friday.
« It is my great honor to report that the United States of America now fully owns and controls 10% of Intel », Trump said Friday in a Truth Social post.
He called Intel a « great American company that has an even more incredible future » and said the nation paid nothing to obtain Intel common shares valued at about $11 billion.
« This is a great deal for America and also a great deal for Intel », Trump said. « Building leading-edge semiconductors and chips, which is what Intel does, is fundamental to the future of our nation.
