In a bid to support domestic semiconductor manufacturing and bolster the embattled chipmaker, the Trump administration is contemplating leveraging funds from the US Chips Act to acquire a stake in Intel Corp. This strategic move aims to address the challenges faced by Intel and enhance the resilience of the semiconductor industry. By potentially injecting capital into Intel, the administration seeks to strengthen the nation’s capabilities in semiconductor production and technology innovation.
Source: Bloomberg
Author: Joe Deaux, Ryan Gould, Mackenzie Hawkins, Josh Wingrove
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