Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
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Biotech & Health
Such federal government ownership of a major corporation would mark a dramatic departure from long-standing U.S. policy.
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The round could make the AI data storage company one of the most valuable in the world.
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Intel also announced the creation of a central engineering group that will build custom chips for outside customers.
This deal would be meant to help Intel bulk up its U.S. chip manufacturing, including its much-delayed Ohio factory.
