AI Summary
The US government has acquired a 10% stake in Intel for US$8.9 billion, funded by CHIPS and Science Act grants and the Secure Enclave program. This passive investment strengthens US semiconductor leadership and aims to boost the economy and secure America's technological edge. The government will vote with Intel's directors on shareholder matters and has a warrant to purchase an additional 5% stake under specific conditions. President Trump hailed the deal as beneficial for both the US and Intel, emphasizing the importance of semiconductors for national security and competition with China.
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