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US government takes 10 percent stake in Intel in exchange for money it was already on the hook for from The Verge - All Posts RSS feed.

US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

The US is investing $8.9 billion into Intel, but most of the funds come from money that the government was supposed to pay the embattled chipmaker anyway. In an announcement on Friday, Intel said the federal government will fund its investment using the remaining $5.7 billion in grants it hasn’t yet received under the Biden […]