The U.S. government has acquired a 10% ownership stake in Intel (NASDAQ:INTC), U.S. Secretary of Commerce Howard Lutnick confirmed on Friday.
Lutnick shared the news on X (formerly Twitter), describing it as a "historic agreement."
"This historic agreement strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge," Lutnick wrote.
The Commerce Secretary also thanked Intel CEO Lip-Bu Tan for "striking a deal that’s fair to Intel and fair to the American People."
Source :
https://www.investing.com/news/stock-market-news/us-now-owns-10-stake-in-intel-lutnick-confirms-4207552
