The U.S. government invested $8.9 billion in Intel, becoming its largest single shareholder
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Intel announced that the U.S. government will invest $8.9 billion to become its largest single shareholder, holding a 9.9% stake. This investment comes from the funding allocated by the CHIPS and Science Act and other national security projects. The U.S. government's investment is a "passive investment" and will not participate in the board of directors. The Secretary of Commerce stated that this agreement solidifies the United States' leadership position in the semiconductor field. Intel's stock price rose by 5.53% due to the news
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