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US in talks over 10% Intel stake, White House confirms
The potential deal could involve swapping government grants for Intel shares.
The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel. "The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters. Last week, Intel did not comment directly about reports but said it was "deeply committed to supporting President Trump's efforts" to strengthen manufacturing and technology in the US.
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