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Did Trump save Intel? Not really
SAN FRANCISCO, Aug 23 (Reuters) - U.S. President Donald Trump is injecting nearly $9 billion into Intel (INTC.O) in exchange for a 9.9% equity stake. But the money - which the struggling chipmaker was slated to receive anyway under a federal funding act - will not be enough for its contract-chipmaking business to flourish, analysts said.
President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer ...
3hon MSN
U.S. equity stake in Intel is an absolute push to keep leading edge process node going in the states
Rolf Bulk of New Street Research discusses the possibility of U.S. government taking a stake in CHIPS Act recipients and ...
The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, ...
The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 ...
A look at the Intel stock chart suggests shares aren’t ready to break higher even after President Donald Trump announced the ...
15hOpinion
Uncle Sam Shouldn’t Own Intel Stock
The Chips Act wasn’t about raising revenue, and an equity share wouldn’t enhance national security.
The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump ...
Sunday Morning Futures' anchor Maria Bartiromo joins 'Fox & Friends Weekend' to analyze the backlash to President Donald Trump announcing a stake in Intel.
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