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Trump Administration in Talks to Take 10% Stake in Intel, Bloomberg News Reports
(Reuters) -The Trump administration is in talks to take a 10% stake in Intel by converting some or all of the struggling company's Chips Act grants into equity, Bloomberg News reported, citing a White House official and other people familiar with the matter.
Intel stock was down 3.9% after Bloomberg reported that the Trump administration could convert Chips Act grants into a 10% ...
The US government is weighing a plan to take roughly a 10% equity stake in Intel by converting part of the company’s awards ...
Intel shares are surging 6% in premarket trading Tuesday on news that Japan's SoftBank Group is making a $2 billion investment in the struggling U.S. chipmaker.
Shares of Intel (NASDAQ:INTC) were on track to snap six days of gains, as the stock fell more than 2.7% to $23.92 in Monday ...
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