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President Donald Trump is expected to announce on Friday that the U.S. government will take an equity stake in Intel Corp., according to people familiar with the matter. Negotiators have been discussing converting subsidies the chipmaker previously secured under the CHIPS Act into government equity, the people said. Further financial terms of the prospective stake were not disclosed.
BREAKING: Trump to announce Intel $INTC deal offering equity stake, per Reuters https://t.co/W4upAeu5Om
Trump to announce Intel, $INTC, deal offering equity stake, per Reuters
Looks like we're going to find out the deal today 🇺🇸 PRESIDENT TRUMP POISED TO UNVEIL INTEL $INTC DEAL FOR EQUITY STAKE ON FRIDAY - Bloomberg https://t.co/TXcwv4QxPf