Summary
The U.S. government will get a 10% ownership in chipmaker Intel. This agreement aims to boost the U.S.'s role in semiconductor technology and was announced by the U.S. Secretary of Commerce.
Key Facts
- The U.S. government will own a 10% stake in Intel.
- The Secretary of Commerce, Howard Lutnick, announced this agreement.
- The U.S. aims to strengthen its position in semiconductor technology.
- The news led to Intel's stock price increasing by more than 5% in after-hours trading.
- President Donald Trump mentioned the deal during a speech in the Oval Office.
- The deal was described as beneficial for both the U.S. and Intel.
