27 place 0

779 US government in talks to take 10% stake in Intel through Chips Act grants, says report

Firstpost Tech
FP News Desk @ Firstpost Tech · 08/18/2025 20:16 EDT

US government in talks to take 10% stake in Intel through Chips Act grants, says report

The Trump administration is exploring a plan to convert part of Intel’s $10.9 billion Chips Act grants into equity, which could give Washington a 10 per cent stake in the company, Bloomberg reported.

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