Intel, White House
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A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a reported 10% stake by the U.S. would be worth about $10.4 billion as of Monday’s share price.
Lip-Bu Tan is set to meet with the president, who last week called for Tan’s removal.
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Light Wave Reports on MSNU.S. Government Could Reportedly Become Intel’s Top Shareholder Under New Proposal
The Trump administration is weighing whether to take a 10% ownership stake in Intel, according to a Bloomberg report, a move that could make the U.S. government the chipmaker’s largest shareholder. Officials are discussing converting part or all of Intel’s $10.