Intel, White House
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A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a reported 10% stake by the U.S. would be worth about $10.4 billion as of Monday’s share price.
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The government may take a stake in Intel. But it’s not about making money, Bessent suggests
Treasury Secretary Scott Bessent hinted Tuesday the US government may be considering taking a stake in struggling chipmaker Intel, coming after multiple media outlets have reported that discussions were in place.
Intel announced it has signed a definitive securities purchase agreement with SoftBank that will see the majority Arm stakeholder invest $2 billion into Intel's common stock.
The Trump administration wants a return on money the struggling semiconductor maker gets under the Biden-era CHIPS Act.
The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.