Intel Reaches $8.9 Billion Deal to Sell U.S. Government a 10% Stake

In a move reminiscent of past government rescues of major industries, Intel has agreed to sell a 10 percent ownership stake to the U.S. government for $8.9 billion. The deal marks one of the most significant federal interventions in a private company since the auto industry bailout following the 2008 financial crisis. President Trump announced […]