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The US government is taking a 10 percent stake in Intel
Trump says the government is taking a 10 percent stake in Intel worth around $10 billion.
News of a plan to convert Intel's previously promised CHIPS Act funding into equity in the company was first reported earlier in August. Even with lower costs and guaranteed investment, the company's future is still uncertain: Intel is reportedly struggling to make its next-gen Panther Lake chips at scale. NVIDIA and AMD reportedly struck a deal with the US government that gives the companies the ability to export products to China in exchange for 15 percent of their profits.
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