U.S. Explores Strategic Investment in Intel
The U.S. government is considering taking a 10% stake in Intel, with Commerce Secretary Howard Lutnick working out the details. This move aims to prioritize national security and economic interests, marking a unique step for the U.S. administration.
- Country:
- United States
The potential for the U.S. government to acquire a 10% stake in Intel is under scrutiny by the Commerce Department, as confirmed by the White House on Tuesday. U.S. Commerce Secretary Howard Lutnick is reportedly finalizing the arrangements for this groundbreaking initiative.
White House spokeswoman Karoline Leavitt stated during a press briefing that the President's focus is to prioritize the nation's needs, balancing both national security and economic considerations. She described the possible government investment as a "creative idea that has never been done."
The move signifies a significant strategic step, as the administration aims to bolster its influence in crucial tech sectors while aligning with broader economic and security objectives.
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