India, Aug. 22 -- Intel Corporation (INTC) on Friday announced an agreement with the Trump Administration. Under the terms of the agreement, the United States government will make an $8.9 billion investment in Intel common stock.
The government's equity stake will be funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program.
Intel will continue to deliver on its Secure Enclave obligations and reaffirmed its commitment to delivering trusted and secure semiconductors to the U.S. Department of Defense.
The $8.9 billion investment is in addition to the $2.2 billion in CHIPS grants Intel has re...