WHITE HOUSE PRESS SECRETARY LEAVITT ON INTEL: DETAILS STILL BEING IRONED OUT
White House Press Secretary Karoline Leavitt told me at the press briefing the U.S.- Intel equity deal has not been entirely finalized. Details still being “ironed out,” she said. Here’s the company 8-K seemingly saying the deal is done. https://t.co/M69CaYTNiq
White House confirms intelligence deal is still being finalized.
The White House said Thursday that the U.S. government’s planned equity investment in Intel Corp. has not yet been completed, contradicting a regulatory filing from the chipmaker that implied the transaction had closed. Press Secretary Karoline Leavitt told reporters that “details are still being ironed out,” without specifying the remaining issues or giving a timeline for completion. Intel earlier filed an 8-K with the Securities and Exchange Commission indicating the deal was done, according to copies circulated by reporters. The clarification leaves the status of the government stake in the semiconductor company uncertain as Washington intensifies efforts to expand domestic chip production.
