It’s official: The U.S. owns 9.9 percent of Intel

It’s official: The U.S. owns 9.9 percent of Intel

On Friday afternoon, Intel confirmed what everyone already knew: that the U.S. government is taking the unprecedented step of investing $8.9 billion into the company.

On Tuesday, Commerce Secretary Howard Lutnick said that the United States was pushing Intel to accept its $10.9 billion CHIPS Act funding as an equity deal instead…
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