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Intel Confirms Receipt of $5.7 Billion Grant from U.S. Government, Investors React Promptly
3 week ago /
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Author：小编
On August 29, Intel's Chief Financial Officer, David Zinsner, confirmed that the company had received a substantial grant of $5.7 billion from the U.S. government on Wednesday evening. This financial injection is part of a broader deal wherein the White House acquired a 10% equity stake in Intel. Zinsner disclosed this investment during an investor conference held the following day, Thursday. Notably, the decision to utilize these funds for acquiring shares in Intel was made by the White House last Friday.
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