Intel Secures $8.9 Billion Investment from Trump Administration to Boost U.S. Semiconductor Manufacturing
Reuters
Aug 23
Intel Secures $8.9 Billion Investment from Trump Administration to Boost U.S. <a href="https://laohu8.com/S/688981">Semiconductor Manufacturing</a>
Intel Corporation has announced a historic agreement with the Trump Administration, resulting in an $8.9 billion investment by the United States government in Intel common stock. This move supports the expansion of American technology and manufacturing leadership, specifically in the semiconductor industry. The investment is part of the U.S. CHIPS and Science Act and the Secure Enclave program, with prior grants amounting to $5.7 billion and $3.2 billion, respectively. This recent investment adds to the $2.2 billion in CHIPS grants Intel previously received, totaling $11.1 billion. The agreement includes the elimination of claw-back and profit-sharing provisions from previous grants, providing Intel with a stable capital foundation to advance its U.S. investment plans.
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