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Al Jazeera
Al Jazeera
Technology

Intel receives $5.7bn as Trump administration buys 10 percent stake

Intel Corporation David Zinsner Dan Ives Donald Trump Karoline Leavitt Nvidia
The Trump administration has said the deal with Intel is still being 'ironed out' [File: Richard Drew / AP]

The chief financial officer for the chip manufacturer Intel, David Zinsner, has announced his company received $5.7bn as part of a deal negotiated with the administration of United States President Donald Trump.

During an investor conference on Thursday, Zinsner said that Intel, a leader in the US development of semiconductor chips, received the funds on Wednesday evening.

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