US chipmaker has faced pressure to sell lossmaking foundry business struggling to compete with TSMC
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SAN FRANCISCO (Reuters) -U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money - which the struggling chipmaker was slated to receive anyway under a federal funding act - will not be enough for its contract-chipmaking business to flourish, analysts said. Read full story
US chipmaker has faced pressure to sell lossmaking foundry business struggling to compete with TSMC
US chipmaker has faced pressure to sell lossmaking foundry business struggling to compete with TSMC
(Reuters) -Intel received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10% stake in...
President Trump said Monday that a deal with chipmaker Intel is just the beginning of a push to give the U.S. government a stake in private companies.
President Trump said Monday that a deal with chipmaker Intel is just the beginning of a push to give the U.S. government a stake in private companies.
Intel received $5.7 billion in CHIPS Act funding as part of a deal that gives the US government a 10% stake in the struggling chipmaker, the company...
Intel received $5.7 billion in CHIPS Act funding as part of a deal that gives the US government a 10% stake in the struggling chipmaker, the company...
Intel (NASDAQ: INTC) has been extending gains in recent sessions after the Trump administration said it has finalised an agreement to take a 10%...
Intel (NASDAQ: INTC) has been extending gains in recent sessions after the Trump administration said it has finalised an agreement to take a 10%...
President Trump said Monday that a deal with chipmaker Intel is just the beginning of a push to give the U.S. government a stake in private companies.