President Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Mr. Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China. “I …
Read More »Trump says Intel CEO agreed to give U.S. government $10 billion The Washington Post America’s fantasy of home-grown chipmaking The Economist Trump Says Intel Has Agreed to Give U.S. a 10% Stake in Its Business The New York Times Intel stock rises as Trump says chipmaker has agreed to sell stake to government CNBC TSMC Considers Returning U.S. Government Subsidies The Wall Street Journal Source …
Read More »Trump Poised to Unveil Intel Deal For Equity Stake on Friday Bloomberg.com Trump to Announce U.S. Taking Nearly 10% Stake in Intel The Wall Street Journal America’s fantasy of home-grown chipmaking The Economist US examines equity stake in chip makers for CHIPS Act cash grants, sources say Reuters Trump’s Nvidia and Intel meddling is a ‘scattershot method of crony capitalism’: Walter Isaacson CNBC Source link
Read More »US Senator Sanders favors Trump plan to take stake in Intel and other chipmakers Reuters Donald Trump’s fantasy of home-grown chipmaking The Economist Trump’s Nvidia and Intel meddling is a ‘scattershot method of crony capitalism’: Walter Isaacson CNBC US examines equity stake in chip makers for CHIPS Act cash grants, sources say Reuters ‘Socialism’: Trump faces right-wing attacks over Intel proposal MSNBC News Source link
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The US government is aiming to take an equity stake in Intel in exchange for grants the company was already committed to receive under the Biden era CHIPS Act, according to comments US commerce secretary Howard Lutnick made in an interview with CNBC. The move is part of the government’s efforts to boost US chip manufacturing. “We should get an …
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Welcome to another weekly update on quantum computing. The sector continues to advance, with notable progress in finance, security, and hardware research. SoftBank Group (SFTBY) made a major investment in Intel (INTC), Microsoft (MSFT) outlined its quantum-safe roadmap, and a team in Sydney showed a new way to shrink qubit use. Each step adds to the picture of how quantum …
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The new stake in the tech giant aims to increase US semiconductor chip production. United States Senator Bernie Sanders has thrown his support behind US President Donald Trump’s plan to convert US grants to chipmakers, including $10.9bn for Intel, into government stakes in the companies. The senator for the state of Vermont announced his support on Wednesday. “If microchip companies …
Read More »US Senator Sanders favors Trump plan to take stake in Intel, others Reuters US Senator Bernie Sanders backs Trump plan for government stake in Intel Al Jazeera Intel’s $24 Billion Rally Has a Worrying Side Effect (INTC) Bloomberg.com US examines equity stake in chip makers for CHIPS Act cash grants, sources say Reuters Nvidia And Intel Lead Tech Stock Drop As White House Reportedly …
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Trump plan salvages CHIPS Act he vowed to kill While chipmakers wait for more clarity, Lutnick has suggested that Trump—who campaigned on killing the CHIPS Act—has found a way to salvage the legislation that Joe Biden viewed as his lasting legacy. It seems possible that the plan arose after Trump realized how hard it would be to ax the legislation …
Read More »Intel Stock Drops as U.S. Wants to Take Stake. Why Micron Is Falling, Too. Barron’s Intel in talks with other large investors for equity boost at discount, sources say CNBC Trump’s Push for Intel Stake Raises Concerns for Tech Stocks Barron’s Intel’s $24 Billion Rally Has a Worrying Side Effect (INTC) Bloomberg.com US examines equity stake in chip makers for CHIPS Act cash grants, …
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