Trump’s Investment in Intel Is Paying Off

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The Trump administration’s investment in Intel appears to be paying off, but the once-mighty chipmaker has a long way to climb back to industry dominance.

In August, the US government announced it was converting about $9 billion in federal grants that Intel had been issued during the Biden administration into a roughly 10 percent equity stake in the company. During its third-quarter earnings on Thursday—its first financial update since President Trump’s surprise investment—Intel reported that it…



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Trump’s Investment in Intel Is Paying Off


The Trump administration’s investment in Intel appears to be paying off, but the once-mighty chipmaker has a long way to climb back to industry dominance.

In August, the US government announced it was converting about $9 billion in federal grants that Intel had been issued during the Biden administration into a roughly 10 percent equity stake in the company. During its third-quarter earnings on Thursday—its first financial update since President Trump’s surprise investment—Intel reported that it…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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