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The White House reportedly discussing taking a stake in Intel, sending shares climbing

News Snapshot:

Donald Trump See all topics Follow The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times. Following a meeting between President Donald Trump and Intel CEO Lip-Bu Tan this week, Bloomberg reported on Thursday that the two sides are discussing an unusual deal in which the government would pay for a stake in the company. The specifics are reportedly still being worked out. The agreement could bolster the struggling chipmaker, which has fallen behind rivals…

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