Mon - Fri 8:00 - 6:30

Intel warns Trump's equity stake could hurt business operations

Chipmaker Intel said that the Trump administration's move to take an equity stake in the company could create a risk to its business in a regulatory filing.President Donald Trump announced last week the federal government will take a roughly 9.9% equity stake in the struggling chipmaker in exchange for previously committed grants under the CHIPS Act.Intel submitted a regulatory filing with the Securities and Exchange Commission (SEC) on Monday which explained the risk factors stemming from the government's equity stake in the company could hurt aspects of its business.Intel explained that its

HALO NEWSLETTER

Keep reading HALO with a Free Subscription

unlock this story instantly and join members and pros reading HALO daily -It's Free

Leave A Reply