The United States government has reached an agreement to convert the grants issued to Intel Corp. under the CHIPS Act into an equity stake. While many reasons were advanced in support of the government acquiring an ownership stake in the tech company, there are a number of implications that investors and analysts ought to ponder.
The U.S. government’s decision to acquire Intel stock is uncharted territory in recent times, and a lot of good could come out of this situation, though risks also exist. It remains to be seen how the situation is managed, and whether Intel will now make products that compete with those of leading players in the global semiconductor industry like Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM)…
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