Trump administration says it will discuss acquiring 10% stake in Intel
according to a White House official and other sources, the Trump administration is discussing acquiring about 10% of Intel's shares (INTC.O), a move that could make the United States the largest shareholder of this struggling chip maker. Sources said the federal government is considering a potential investment in Intel, which would involve converting part or all of the funding the company received from the "American Chips and Science Act" into equity. Intel had previously been allocated $10.9 billion in funding from the "Chip Act" for commercial and military production. This figure is roughly enough to cover the target stake. Based on Intel's current market value, a 10% stake in the chip maker is worth about $10.5 billion. Sources said the exact size of the equity stake, and whether the White House chooses to move forward with the plan, is still evolving.
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