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https://www.newsday.com/long-island/politics/china-taiwan-tsmc-nvidia-chips-huang-trump-m91608https://finance.yahoo.com/news/nvidias-ceo-says-talks-trump-070801353.htmlhttps://apnews.com/article/china-taiwan-tsmc-nvidia-chips-huang-trump-51467ac87644089788b2447c912552d3
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Highlights
  • The stake is coming primarily through U.S. government grants to Intel through the CHIPS and Science Act that was started under President Joe Biden's administration as a way to foster more domestic manufacturing of computer chips to lessen the dependence on overseas factories.
  • The administration is requiring Nvidia and Advanced Micro Devices, two companies whose chips are powering the AI craze, to pay a 15% commission on their sales of chips in China in exchange for export licenses.
  • The 10% stake is being issued without voting rights, reflecting a governance nuance that limits the government’s formal influence on Intel’s board decisions.

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References

Nvidia's CEO says it's in talks with Trump administration on a new chip for China

Nvidia's CEO says it's in talks with Trump administration on a new chip for China

Nvidia's CEO says it's in talks with Trump administration on a new chip for China

Nvidia's CEO says it's in talks with Trump administration on a new chip for China

Nvidia's CEO says it's in talks with Trump administration on a new chip for China

Intel stock rises as Trump says chipmaker has agreed to sell stake to government

Intel stock rises as Trump says chipmaker has agreed to sell stake to government

Trump says the US is taking a 10 percent stake in Intel

Trump says the US is taking a 10 percent stake in Intel

Intel shares rise after US government takes 10% stake

Intel shares rise after US government takes 10% stake

Intel shares jump as Trump says US taking 10% stake in struggling chipmaker

Intel shares jump as Trump says US taking 10% stake in struggling chipmaker

'I think the United States should be given 10% of Intel': US president Trump wants a piece of the action, says CEO Lip Bu Tan has already forked over $10 billion because he wants to 'keep his job'

'I think the United States should be given 10% of Intel': US president Trump wants a piece of the action, says CEO Lip Bu Tan has already forked over $10 billion because he wants to 'keep his job'

Intel stock jumps 6% after Trump says chipmaker agreed to a $10 billion deal with the US government

Intel stock jumps 6% after Trump says chipmaker agreed to a $10 billion deal with the US government

U.S. takes 10% stake in Intel, Trump administration says

U.S. takes 10% stake in Intel, Trump administration says

Intel will give the U.S. government a 10% stake, Trump says

Intel will give the U.S. government a 10% stake, Trump says

U.S. gov't will take a 9.9% ownership stake in Intel — Trump administration won't get a board seat and is set to serve as passive investor (Update)

U.S. gov't will take a 9.9% ownership stake in Intel — Trump administration won't get a board seat and is set to serve as passive investor (Update)

Intel agrees to give US a 10% stake in company, Trump says

Intel agrees to give US a 10% stake in company, Trump says

Trump turns $11.1B in US government funds into a 10% stake in Intel

Trump turns $11.1B in US government funds into a 10% stake in Intel

Government takes 10% stake in one of US' biggest companies

Government takes 10% stake in one of US' biggest companies

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