Intel, White House
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3hon 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.
17hon 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.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on Wednesday, just days after the chipmaker got a $2 billion capital injection from SoftBank Group .
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.