On Friday afternoon, Intel confirmed what everyone already knew: that the U.S. government is taking the unprecedented step of investing $8.9 billion into the company. On Tuesday, Commerce Secretary Howard Lutnick said that the United States was pushing Intel to accept its $10.9 billion CHIPS Act funding as an equity deal instead. On Friday, President Trump confirmed that deal in a White House press conference. Intel now has formally published a statement outlining the terms of the...
