Intel is expected to receive about $10 billion in CHIPS Act grants from the government to help fund the building of chip ...

WASHINGTON -- President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business.

Intel has agreed to the U.S. government taking a stake in it, President Donald Trump and the company announced Friday, ...

“BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies,” Lutnick said. “This historic agreement strengthens U.S. leadership in semiconductors, ...

Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

Intel is about to give up a tenth of itself to the U.S. government. The company’s stock shot up nearly 6% on Friday after ...

The president put the value of the “deal” at around $10 billion, saying he told the chipmaker’s chief executive that “it would be good having the United States as your partner” and “they’ve agreed to ...

Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel under the CHIPS Act into an equity stake.