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Trump expected to unveil Intel deal for stake on Friday, Bloomberg reports

The Trump administration and Intel (INTC) are expected to announce details on a deal that would give the U.S. government an equity stake in the chipmaker, Bloomberg’s Liana Baker and Josh Wingrove report, citing people familiar with the matter. Talks had focused on converting grants under the CHIPS Act into an equity stake of about 10% for the government.

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