Washington takes an $8.9 billion stake in Intel as part of a CHIPS Act deal to boost domestic chipmaking

[Redaktion]

Washington will acquire nearly 10 percent of Intel through an $8.9 billion share purchase, marking the largest direct equity bet yet on U.S. semiconductor manufacturing.

https://www.notebookcheck.net/Washington-takes-an-8-9-billion-stake-in-Intel-as-part-of-a-CHIPS-Act-deal-to-boost-domestic-chipmaking.1094854.0.html

[indyp]

It makes perfect sense that an insolvent country would put money they don't actually own towards a dying company that has little hope towards a profitable future.