Which tech company recently sold a 10% stake to the U.S. government? Explained
The Trump administration took a notable step to boost the American semiconductor sector by injecting $8.9 billion into Intel, obtaining a 10% ownership share in the corporation. Intel verified that the government bought 433.3 million shares at a price of $20.47 each—below the prevailing market rate—utilizing $5.7 billion from CHIPS Act grants and $3.2 billion … Read more