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U.S.Government acquired 10% of Intel
TechMeteor
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4 months ago
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00:00
The U.S. government, via the Trump administration, has secured a 10% equity stake in Intel,
00:06
converting billions in previously allocated Chips Act grants into the stock purchase to
00:10
accelerate American semiconductor manufacturing and technology leadership. This landmark agreement,
00:16
which gives the government approximately a 10% ownership in Intel, marks a significant shift
00:21
in U.S. industrial policy, aiming to strengthen the domestic chip supply chain amid rising
00:26
geopolitical tensions and the U.S.-China chip war.
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