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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 1 comments | 22 Aug 25 21:01 UTC | HN request time: 0.243s | source
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MyOutfitIsVague ◴[22 Aug 25 21:43 UTC] No.44990202[source]▶
> the government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a 10% stake in the company

> The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars

I don't understand. Can somebody explain to me how the government made an investement, bought shares, but paid nothing?

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1. usernomdeguerre ◴[22 Aug 25 22:53 UTC] No.44990908[source]▶
The clearer picture comes from Reuters[0], as usual:

>The government will purchase the 433.3 million shares with funding from the $5.7 billion in unpaid CHIPS Act grants and $3.2 billion awarded to Intel for the Secure Enclave program.

So the same playbook hes taken across the board: cast aspersions on leadership, withhold duly appropriated money in contravention to the law. Rinse repeat.

[0]: https://www.reuters.com/business/trump-says-intel-has-agreed...