Lutnik: Trump hopes to convert funds into Intel equity
U.S. Secretary of Commerce Gina Raimondo stated in an interview that President Trump believes the federal government "should acquire equity in Intel" in exchange for the Biden administration's commitment to provide funding to the company. He said, "This is exactly Trump's point of view." "We want Intel to succeed in the United States," he stated. Raimondo noted that this equity would have no voting rights
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