Intel, White House
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2hon MSN
Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.
16hon MSN
Trump admin live updates: White House says Putin promised to meet with Zelenskyy in coming weeks
White House press secretary Karoline Leavitt said on Tuesday that Russian President Vladimir Putin has promised to meet with Ukrainian President Volodymyr Zelenskyy.
1h
Amazon S3 on MSNWhite House Confirms Talks To Take 10% Intel Stake
Intel shares gained on Tuesday after the White House confirmed the Trump administration is negotiating a deal that could see the U.S. government take a 10% equity stake in the chipmaker, according to the BBC.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
The U.S. chipmaker has struggled to keep pace in the AI market alongside competitors like Nvidia. Softbank has agreed to buy Intel common stock at $23 per share.