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US politics
fromTechCrunch
2 weeks ago

Trump administration's deal is structured to prevent Intel from selling foundry unit | TechCrunch

A U.S. government 10% stake plus a warrant restricts spinning off Intel's loss-making foundry, compelling Intel to retain the unit.
fromwww.npr.org
3 weeks ago

Intel will give the U.S. government a 10% stake, Trump says

President Trump said on Friday he had asked Intel CEO Lip-Bu Tan for a 10% stake in the company during a recent meeting at the White House. "He agreed, and they've agreed to do it, and I think it's a great deal for them," Trump told reporters. "He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States," Trump said.
US politics
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