According to Deep Tide TechFlow, on August 23, U.S. Secretary of Commerce Gina Raimondo announced: 'The U.S. now holds a 10% stake in Intel, which is one of America's top tech companies. This historic agreement will strengthen the U.S.'s leading position in the semiconductor field, which will not only drive economic growth but also help ensure America's technological advantage. Thanks to Intel's CEO Pat Gelsinger for reaching this fair and reasonable agreement for both Intel and the American people.'
Intel stated that the U.S. government purchased 433 million shares of common stock at a price of $20.47 per share, with a total investment of approximately $8.9 billion, corresponding to a 10% equity stake. Intel noted that this price was below the market price at that time. Intel (INTC.US) stock closed up 5.53%, currently reported at $24.8, with a trading volume of $4.785 billion.
Earlier reports indicated that Trump stated he was considering holding a 10% stake in Intel through a deal, and more similar deals would be reached.
