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Previously this month, President Trump gotten in touch with Tan to resign, implicating him of doubtful ties to China. Tan dismissed the accusations as “false information”.
The federal government will get a five-year warrant priced at $20 per share (File image through AFP/AP)
The United States federal government has actually gotten a 10 %stake in Intel, President Donald Trump revealed Friday in a Truth Social post. Trump exposed that he had actually asked Intel CEO Lip-Bu Tan to settle the contract throughout a current conference at the White House.
Intel validated the handle a declaration released on its site Friday afternoon, divulging that the federal government will invest $8.9 billion in Intel typical stock. This brand-new financial investment contributes to the $2.2 billion in CHIPS Act grants formerly granted to the business however not yet paid out, bringing the overall federal assistance to $11.1 billion.
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According to Intel, the funds will originate from grants formerly assured under the CHIPS and Science Act, passed throughout President Joe Biden’s administration. The legislation is targeted at strengthening the domestic semiconductor market in the face of increasing worldwide competitors, especially from China.
“He concurred, and they’ve concurred to do it, and I believe it’s a lot for them,” Trump told on Friday. “He walked in wanting to keep his job, and he ended up giving us $10 billion for the US,” he included, describing Intel CEO Lip-Bu Tan.
On Truth Social, Trump explained the relocation as a win for both the business and the nation, “Great Deal for America and, likewise, a lot for INTEL. Structure leading edge Semiconductors and Chips, which is what INTEL does, is essential to the future of our Nation.” As part of the agreement, the government will receive a five-year warrant priced at $20 per share.
Intel CEO has recently faced scrutiny from Trump. Earlier this month, he called on Tan to resign, accusing him of questionable ties to China. Tan dismissed the allegations as “misinformation” in a note to Intel staff members, according to a report by the BBC
According to NBCTrump likewise just recently encouraged chipmakers Nvidia and AMD to pay the United States federal government 15% of profits from specific China sales in exchange for export licenses.
- Place:
Washington D.C., United States of America (USA)
- Released:
August 23, 2025, 05:15 IST
News world United States Secures 10% Intel Stake After Trump Pushes Deal With CEO Lip-Bu Tan
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