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Trump wants more investment deals like Intel’s, worrying business community
The White House announced a near-10 per cent stake in chipmaker Intel on Friday that converts government grants into an equity share.
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upi.com
Intel agrees to give U.S. 10% stake in operations - UPI.com
The United States government will own a 10% share of common stock in U.S. chipmaker Intel in exchange for $11 billion in already-promised federal funding.
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fortune.com
Trump's Intel deal has already gioven the government a $1.9 billion gain on paper
The government is getting 433.3 million shares of non-voting stock priced at $20.47 apiece — a discount from Friday's closing price at $24.80.
