BlockBeats news, on August 23, informed sources said that the Trump administration and Intel (INTC.O) are preparing to announce the details of an agreement on Friday that will allow the U.S. government to hold equity in the chip manufacturer. The specifics of this arrangement are not yet clear. The focus of the negotiations is to convert funding under the (Chip and Science Act) into approximately 10% equity for the government. This deal will be part of efforts to boost the struggling company, which President Trump believes is vital to U.S. national security.
Intel (INTC.O) stock price rose 5.7%, reaching an intraday high. (Jin Shi)