Intel's Foundry Future: U.S. Government Takes a Stake

Markets & Money Today | 2 Min News - A podcast by The Daily News Now! - Vineri

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The U.S. government now owns a piece of Intel! A new deal gives Washington a 10% stake in Intel's foundry business, but it comes with strings attached. Intel is penalized if it tries to sell or spin off the struggling unit, and the government can grab even more shares if Intel's control dips. Was this a bailout or a strategic power play to keep chip manufacturing on American soil? Find out how this multi-billion dollar deal is reshaping the future of the semiconductor industry. Hosted on Acast. See acast.com/privacy for more information.

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