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International Business Times
International Business Times
Business

Trump, Intel Announce Deal Giving US A 10% Stake In Chipmaker

Intel Corporation Donald Trump United States Joe Biden LipBu Tan the US
US chipmaker Intel has agreed to give the United States a 10-percent equity stake in the firm (Credit: AFP)

Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday.

The deal came after Trump's administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president.

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