semiconductor / news / / CNBC TV18
The US government had paid $8.9 billion for 433.3 million shares of Intel common stock last August.
The US government earned over $30 billion on its Intel investment within 90 days.
KEY POINTS
- The government acquired a 10% stake in Intel for $8.9 billion last August.
- $5.7 billion of the Intel purchase came from CHIPS Act grants, with $3.2 billion from another scheme.
- The US government can buy an extra 5% of Intel if it loses foundry control.
- Intel's deal gives the government no board membership or governance rights.
COMPANIES
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