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Why Intel warns that government stake may hurt shareholders
On Friday, President Trump struck a deal with Intel. In exchange for around $9 billion in grants that the federal government awarded to the chipmaker during the Biden administration, the U.S. government gets an ownership stake in the company — just shy of 10%.
Intel warns Trump-backed US stake could hurt international sales, future grants
WASHINGTON (Reuters) - Intel said on Aug. 25 that the U.S. government's 9.9% stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants.
Key Takeaways Intel shares lost ground to start the week after surging Friday following news that the U.S. government had ...
RCP's Phil Wegmann asked President Trump at a White House event on Monday whether the U.S. government taking partial ...
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Trump Vows More Corruption Is Coming in Unhinged Rant on Intel Deal
Last week, the government took a 10 percent stake in the company, purchasing 433.3 million shares for a total price of $8.9 ...
Former Treasury Secretary Larry Summers expressed skepticism over the US government's decision to take a 10% equity stake in ...
Mark Lehmann, Citizens JMP Securities CEO, joins 'Money Movers' to discuss the IPO market and the government's investment in ...
The U.S. government acquired a 10% stake in Intel, converting previously awarded grants into equity, a move hailed by ...
President Trump and his team offered multiple signals Monday that last week’s deal to take a share of Intel could be just the ...
As the Trump administration considers taking an ownership stake in Intel, Ohio's senators are expressing their support.
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