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Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

Ars TechnicaFriday, August 22, 2025 at 8:14:14 PM
PositiveTechnologyIntel
Trump says US will take 10% stake in Intel because CEO wants to “keep his job”
Trump announced that the US will acquire a 10% stake in Intel, motivated by the CEO's desire to secure his position. This deal could enable the US to benefit from CHIPS Act funding.
Editor’s Note: This development is significant as it highlights the government's involvement in the tech industry and its efforts to support domestic semiconductor production through the CHIPS Act. It reflects a strategic move to bolster the economy and ensure job security within key companies.
— Curated by the World Pulse Now AI Editorial System
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