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US Government Takes 10 Percent Stake in Intel

By: Andrew Moran

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US Government Takes 10 Percent Stake in Intel

Intel headquarters seen in Santa Clara, Calif., on Aug. 1, 2024. Justin Sullivan/Getty Images

The White House announced Friday that the U.S. government now officially holds a 10 percent stake in struggling chipmaker Intel.

Commerce Secretary Howard Lutnick announced the deal on X.

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