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The U.S. government may hold shares in Intel, and the company's stock price rose by 5.7%.
On August 23, sources said that the Trump administration and Intel ( INTC.O ) are preparing to announce details of a protocol on Friday that will allow the U.S. government to hold equity in the chip manufacturer. The specific details of this arrangement are unclear. The negotiations focus on converting appropriations under the CHIPS and Science Act into approximately 10% government ownership. This deal will be part of efforts to boost the struggling company, which President Trump believes is critical to U.S. national security. Intel ( INTC.O ) shares rose 5.7%, hitting an intraday high.