The US government's Intel stake is now worth $36 billion. Nobody in Washington planned it that way.
In short: The US government’s 9.9% stake in Intel, acquired for $8.9 billion last August by converting CHIPS Act grants and Secure Enclave funds into equity at $20.47/share, is now worth approximat...
Source: TNW | Insights
In short: The US government’s 9.9% stake in Intel, acquired for $8.9 billion last August by converting CHIPS Act grants and Secure Enclave funds into equity at $20.47/share, is now worth approximately $36 billion after Intel’s stock surged 20%+ on a massive Q1 earnings beat. The $26.5 billion unrealised gain is one of the most […] This story continues at The Next Web
.jpg?trim=0,11,0,10&width=1200&height=800&crop=1200:800)
