Big Bet On Intel's Comeback

Partial nationalization? The announcement comes as the Trump administration is reportedly considering picking up a 10% stake in Intel. This would make the U.S. government its largest shareholder and would require about $10.5B, which could potentially be paid for by CHIPS Act funds. To note, Intel has already been awarded about $10.9B in CHIPS Act grants. The plan for a potential government stake is said to have emerged from last week's meeting between President Donald Trump and Intel CEO Lip-Bu. SA commenta ...