Intel receives $5.7bn as Trump administration buys 10 percent stake | Technology News

CFO David Zinsner has also downplayed concerns that Intel’s manufacturing arm could fall under outside control.

The chief financial officer for the chip manufacturer Intel, David Zinsner, has announced his company received $5.7bn as part of a deal negotiated with the administration of United States President Donald Trump.

During an investor conference on Thursday, Zinsner said that Intel, a leader in the US development of semiconductor chips, received the…