Intel, SoftBank and Japan
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The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.
US Commerce Secretary Howard Lutnick said Tuesday that chipmaker Intel should give the government an equity stake in the company in exchange for grants earlier committed by former president Joe Biden's administration.
Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on Wednesday, just days after the struggling chipmaker got a $2 billion capital injection from SoftBank Group .
An Intel deal would be one of the largest government interventions in private industry since the U.S. auto industry's bailout under President Obama.
The billionaire investor often called Japan's Warren Buffett is making a huge bet on a legendary US firm. Shares jumped eight percent.