Trump says Intel has agreed to give US government a 10% stake
by Guardian staff and agency from US news | The Guardian on (#6ZGNE)
Unprecedented deal comes after president demanded CEO Lip-Bu Tan to resign over his ties to Chinese firms
The US government has taken an unprecedented 10% stake in Intel under a deal with the struggling chipmaker and is planning more such moves, according to Donald Trump and the commerce secretary, Howard Lutnick, the latest extraordinary intervention by the White House in corporate America.
Lutnick wrote on X: BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies. Thanks to Intel CEO @LipBuTan1 for striking a deal that's fair to Intel and fair to the American People."
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