Which tech company recently sold a 10% stake to the U.S. government?
Tesla
Nvidia
Intel
Cisco
Fact: The Trump administration made a significant move to strengthen America’s semiconductor industry by investing $8.9 billion in Intel, acquiring a 10% stake in the company. Intel confirmed that the government purchased 433.3 million shares at $20.47 each—below market value—using $5.7 billion in CHIPS Act grants and $3.2 billion from secure chip initiatives. Intel, notably the only U.S. company capable of manufacturing advanced semiconductors on American soil, highlighted the deal as a critical step in strengthening America’s chipmaking capacity.
Correct Answer: Intel