Trump Says US Paid Nothing for Intel Stake

Mike, it is interesting that, of course the money comes from that that was already promised to Intel. Remind us of the detail of the deal. Well.So in the broad strokes, it's a nearly 10% stake totaling more than 400 million shares going to the U.S. government in this carries in exchange for what has not yet been spent out of the grant money that was to go to Intel through the Chips and Science Act. Remember, this is the law that was passed under President Joe Biden designed to spur domestic chip manufacturi ...