Intel Receives $5.7 Billion Grant; US Government Officially Acquires 10% Stake
3 week ago / Read about 0 minute
Author:小编   

During an investor conference on the 28th, Intel's Chief Financial Officer, David Zinsner, disclosed that the company had received $5.7 billion in cash from the US government on the evening of the 27th. This transaction marks a portion of the Trump administration's agreement to invest in Intel in exchange for a 10% equity stake. The funding is sourced from subsidies allocated under the Chips and Science Act.