Lutnick said late Tuesday the U.S. was eyeing a stake in Intel, after White House Press Secretary Karoline Leavitt earlier said the Trump administration was in discussions to potentially acquire 10% ...

The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel.

SoftBank Group Corp. agreed to buy $2 billion of Intel Corp. stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions.

“Semiconductors are the foundation of every industry, Son said in a statement. ”This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand ...