Intel has reached a share acquisition agreement with the US government
2025-08-23 00:53:15
On August 23rd, the US chipmaker Intel Corporation announced on the 22nd that it has reached an agreement with the US federal government. < b > The latter will invest 8.90 billion US dollars in Intel common stock and acquire 433.30 million shares of Intel common stock at a price of 20.47 US dollars per share, which is equivalent to 9.9% of the company's shares . Due to poor management, Intel announced in July this year that it will lay off employees and cancel some overseas projects. According to US media reports, the US federal government proposed to convert about 10.90 billion US dollars of federal subsidies approved by Intel's Chip and Science Act into Intel equity to support the US semiconductor manufacturing industry and revive the troubled chipmaker. Bloomberg commented that this is another direct intervention by US President Trump in key industries.
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