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The US government wants an equity stake in Intel in exchange for cash grants approved during the administration of former ...
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed Tuesday that the Trump administration is ...
Commerce Secretary Howard Lutnick on Tuesday confirmed that the government wants Intel to cough up a 10% equity stake in ...
An Intel deal would be one of the largest government interventions in private industry since the U.S. auto industry's bailout under President Obama.
Treasury Secretary Scott Bessent told CNBC that the U.S. government could convert billions in grants to Intel, into an ownership stake.
The U.S. government is poised to take a 10% stake in Intel, signaling renewed intervention in key commercial enterprises.
Intel is getting a $2 billion lifeline from SoftBank and could get more from the Trump administration. But that might not be ...
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...
Scott Bessent, the U.S. Treasury Secretary, said today that any investment made by the U.S. government in Intel would be used to stabilize the chipmaker.
Such a move would represent one of the most significant government interventions in a U.S. company since 2008's rescue of the ...
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.