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News for India > Business > Trump says Intel CEO agrees to give 10% stake to US government; shares up over 7% on Wall Street | Stock Market News
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Trump says Intel CEO agrees to give 10% stake to US government; shares up over 7% on Wall Street | Stock Market News

Last updated: August 23, 2025 12:28 am
6 months ago
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US President Donald Trump, on Friday, 22 August 2025, said that Intel’s Chief Executive Officer (CEO) Lip-Bu Tan has agreed to give the US federal government $10 billion or an equivalent 10% equity stake in the big tech firm, reported the news agency Bloomberg. 

(This is a developing story. Please check back for updates)



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TAGGED:$10 billion$10 billion investmentbig tech firmequity stakefederal government equity stakeIntel CEO Lip-Bu TanIntel's Chief Executive OfficerLip-Bu Tanus president donald trump
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