President Trump said on Friday that the U.S. government is looking to take a 10% stake in struggling chipmaker Intel.
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Intel
shares rose about 6% on Friday after Bloomberg reported that the Trump administration is poised to announce that the U.S. government will take an equity stake in the struggling chipmaker.
Following the report, President Donald Trump said the government should get about 10% of the company, which has a market cap of just over $100 billion.
“They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House
US government announces 10% stake in chipmaker Intel
Trump's Intel deal has already gioven the government a $1.9 billion gain on paper
Trump says Intel has agreed to give U.S. a 10% stake in the struggling tech company
Trump says Intel has agreed to deal for US to take 10% equity stake
Trump Says Intel Agreed To Give U.S. A Stake In Its Company
Trump says US to take 10 percent stake in Intel
US in talks over 10% Intel stake, White House confirms
Trump administration seeks an equity stake in chipmaker Intel - UPI.com
Trump says Intel has agreed to give US government a 10% stake
Trump turns $11.1 billion in US government funds into a 10 percent stake in downtrodden Intel
