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On Tuesday, Commerce Secretary Howard Lutnick said that the United States was pushing Intel to accept its $10.9 billion CHIPS Act funding as an equity deal instead. On Friday, President Trump confirmed that deal in a White House press conference. Intel now has formally published a statement outlining the terms of the agreement.
The government will invest $8.9 billion into Intel as part of a purchase of common stock, paid for by the $5.7 billion in grants awarded but not yet paid to Intel as part of the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program, Intel said in a statement. The actual investment will total $11.1 billion, Intel said, because of $2.2 billion in CHIPS Axct grants that Intel has already received.
All told, the U.S. government will own 9.9 percent of Intel, made up of 433.3 million shares of Intel common stock at $20.47 per share. After hours, Intel's share price had climbed to $24.80, but the government still received a discount.
The U.S. government said that its investment would be a passive one, "with no Board representation or other governance or information rights." The government also pledged to vote with Intel in matters requiring shareholder approval. It remains to be seen whether President Trump, who is notoriously outspoken, adheres to these goals.
The government also has the option to purchase an additional bask
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Trump's announcement that the U.S. government will take a stake in Intel follows deals with Apple, Nvidia and AMD that also entangled corporations with the state.
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Intel Arc Graphics Driver for Windows is a driver specifically for Windows 10 and 11 with support for the 12th Gen Intel Core processor family and Intel Arc A-Series Graphics.... [License: Freeware | Requires:
11|10 | Size: 870 MB ]
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The growth of AI has increased demand for semiconductors and competition among the companies that make them.
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What do you mean by "controls," Mr. President?
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The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.
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The $8.9 billion investment gives the US government a roughly 10 percent equity stake in Intel.
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This laptop was already a pretty good value at $800, thanks to that Intel Core 7 150U processor with 10 cores and 16GB of memory, which is the lowest I'd recommend for running Windows 11 these days. And 512GB of storage is okay, but getting a convertible 2-in-1 design with a touchscreen and stylus support for the 14-inch 1200p screen is something you rarely see in this price range. You also get a good spread of ports: double USB-C and USB-A, plus full-sized HDMI. No need to bring any dongles in the bag, unless you need to access storage cards.
PCWorld hasn't reviewed this particular version of the 14-inch OmniBook 5 Flip, though you can read Mark Knapp's review of the more expensive AMD model with more RAM and storage. It has an identical chassis, at least from the outside. With a 68-watt-hour battery according to HP's official specs, the Intel version should last a long while—it'll recharge half the battery in 45 minutes when you do run it down.
Once again,
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 Apple is developing a new version of Siri that's supposed to be better than the existing ?Siri? in every way. It will be smarter and able to do more, functioning like ChatGPT or Claude instead of a barely competent 2012-era smartphone assistant.
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Through its comprehensive AI approach, combining Retrieval-Augmented Generation (RAG) with semantic search and knowledge graphs, Progress helps deliver significant reductions in hallucinations from the GenAI responses with source attributions that engender trust. Their solutions help businesses apply domain knowledge to AI systems, effectively amplifying human intelligence at machine scale.
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