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US government to purchase 10% stake in Intel
The US government is reportedly set to acquire a 10% stake in Intel, according to Bloomberg. It's a move that could reshape America’s semiconductor strategy. President Trump confirmed the deal, calling it “a great deal for them.”
President Trump called for the resignation of Intel CEO Lip-Bu Tan earlier this month, but changed his mind following a meeting with the executive. That company recently pled guilty to "unlawfully exporting semiconductor design tools to a restricted PRC military university," though Tan was not listed in the indictment. Selling a stake could result in more financial security for Intel while simultaneously providing a way for the US government to better ensure stability of a major chipmaker.
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