US Commerce Secretary Lutnick says the US now owns 10% of Intel (INTC)
Full Post: "BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies. This historic agreement strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge. Thanks to Intel CEO @LipBuTan1 for striking a deal that’s fair to Intel and fair to the American People."
Analysis details (21:12)
Earlier:
- US President Trump said the US is considering an Intel deal for 10% equity stake; Intel says yes to a 10% stake, thinks it is a great deal. Note, INTC CEO Lip-Bu Tan is to meet at the White House today for "ongoing discussions", via CNBC, citing a WH official.
22 Aug 2025 - 21:11- EquitiesImportant- Source: X
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts