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Why did the U.S. buy Intel shares?

Asked 9 hours ago

Answer

The U.S. bought Intel shares to secure domestic semiconductor manufacturing, using previously committed CHIPS Act and Secure Enclave funds, not new expenditures.

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U.S. officially takes 10% stake in Intel

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  • U.S. government acquires a 10% stake in Intel, confirmed by officials and Intel. 6s
  • The president announced the deal, stating the government paid nothing for the shares. 24s
  • The acquisition used previously committed CHIPS Act and Secure Enclave funds. 1m 29s
  • The government purchased 433.3 million shares at $20.47 each, valued at $11 billion. 1m 51s
  • The U.S. is now the largest shareholder in Intel. 2m 42s
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U.S. officially takes 10% stake in Intel
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CNBC
1 day ago
U.S. officially takes 10% stake in Intel

Building leading-edge semiconductors and chips, which is what Intel does, is fundamental to the future of the nation.

U.S. officially takes 10% stake in Intel
Icon
CNBC
1 day ago
U.S. officially takes 10% stake in Intel

There is no new money going into this deal. This is previously committed CHIPS Act money and previously committed funds from a program called Secure Enclave.

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