The extraordinary development follows a meeting between CEO Lip-Bu Tan and Trump after he called for Tan’s removal.
The United States government will take a 10 percent stake in Intel under an agreement with the struggling chipmaker, President Donald Trump has said, marking the latest extraordinary intervention in corporate affairs.
Trump made the announcement on Friday. Intel, whose shares rose more than 6 percent, declined to comment.
The development follows a meeting between CEO Lip-Bu Tan…
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News Source: www.aljazeera.com
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