Intel Agrees to Sell U.S. a 10% Stake in Its Business
Intel, the tech giant, has agreed to sell a 10% stake in its business to the U.S. government. This deal is considered one of the largest government interventions in a U.S. company since the 2008 financial crisis bailout of the auto industry. The agreement aims to bolster domestic semiconductor production and address supply chain vulnerabilities. The U.S. government's stake will provide it with a direct investment in Intel's operations and a say in the company's strategic decisions. This move comes as the U.S. seeks to strengthen its technological competitiveness and reduce reliance on foreign semiconductor suppliers, particularly in light of the global chip shortage and geopolitical tensions. The partnership between Intel and the government is expected to have significant implications for the semiconductor industry and the broader technology landscape in the country.
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