While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.
Trump revealed the news during a briefing about the World Cup. | Photographer: Annabelle Gordon/UPI/Bloomberg via Getty Image The US is investing $8.9 billion into Intel, but most of the
Trump made the announcement during a briefing about the World Cup. | Photographer: Annabelle Gordon/UPI/Bloomberg via Getty Image President Donald Trump has confirmed that the US will take a 10
Continue readingTrump says the US is taking a 10 percent stake in Intel
Such federal government ownership of a major corporation would mark a dramatic departure from long-standing U.S. policy.
SoftBank will pay $23 per share for Intel common stock.