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Government to make $8.9 billion investment in intel common stock as company builds upon its more than $100 billion expansion of resilient semiconductor supply chain santa. Intel noted that it previously received $2.2 billion of chips act grants, which do not involve ownership of intel’s shares, thus making the government’s total investment in intel equal. The us government has amended its chips act agreement with intel, allowing the tech giant to receive $5.7 billion in early funding
The move is part of a broader. The president’s strategy came into fuller view on friday, after the administration announced that it would take a 10 percent stake in intel, a beleaguered technology giant once. Intel said on friday it amended the chips act funding deal with the u.s
Department of commerce to remove earlier project milestones and received about $5.7 billion in cash sooner.
Home hardware the us government's intel deal explained why does the us government want 10% of a struggling chip maker When you purchase through links on our site,. The president's highly unusual announcement underscores the trump administration's desire to take control over u.s
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