A reported agreement would give the U.S. government about a $10 billion investment for roughly a 10% stake in Intel, potentially making the U.S. the company’s largest shareholder. Intel has not confirmed the deal and declined to comment; the White House did not immediately respond to requests for confirmation. Intel shares rose more than 6% after the claim. The chipmaker has lost market share to foreign competitors such as Taiwan Semiconductor Manufacturing Company. A prior White House meeting between Intel’s CEO and U.S. officials followed calls for the CEO’s resignation over reported Chinese investments, after which public comments toward the CEO became more favorable.
I said, you know what, I think the United States should be given 10% of Intel,
And he said, I would consider that. I said, well, I'd like you to do that because Intel's been left behind as, you know, compared to Jensen.
I said I think it would be good having the United States as your partner. He agreed. And they've agreed to do it and I think it's a great deal for them and I
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