The US government is taking an $8.9 billion stake in Intel

Engadget
By Ian Carlos CampbellAug 22, 2025, 6:26 pm222 pts
President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel's previously promised CHIPS Act funding into equity in…

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