Intel, equity stake and administration” lutnick
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Intel, US and White House
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White House investment in Intel aimed at reshoring supply chains
The White House is reviewing taking a 10% stake in chipmaker Intel, White House Press Secretary Karoline Leavitt explains the end goal of what would be the first of its kind move.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
The U.S. chipmaker has struggled to keep pace in the AI market alongside competitors like Nvidia. Softbank has agreed to buy Intel common stock at $23 per share.