Trump, Intel Announce Deal Giving US 10% Stake In Chipmaker

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Chipmaker Intel has agreed to give the US government a 10-per cent stake in its business, the company and President Donald Trump announced Friday.

The deal came after Trump’s administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president.

Under the agreement, the US government will receive 433.3 million shares of common…

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