Related News

Audrey Nuna, EJAE and Rei Ami attend the KPop Demon Hunters Special Screening at Netflix Tudum Theater on June 16, 2025 in Los Angeles, California., U.S. Charley Gallay | Getty

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg |

Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Microsoft CEO Satya Nadella

Cheng Xin | Getty Images News | Getty Images DraftKings is acquiring predictions platform Railbird as it prepares to launch a mobile platform in the coming months to be called

Warner Bros. Discovery has signaled that it may be open to a sale of its business just months after announcing plans to split into two companies. In an announcement Tuesday,

OpenAI said Tuesday it is launching an artificial intelligence-powered website browser, heightening the company’s competition with Google, the Alphabet-owned unit that has long dominated online search. The new browser, called

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

US-Intel investment: Donald Trump says deal will make US ‘richer’; ‘will strike more such deals’

Word Count: 671 | Estimated Reading Time: 4 minutes


US-Intel investment: Donald Trump says deal will make US 'richer'; 'will strike more such deals'

US President Donald Trump said on Monday that America will be getting “richer and richer” as he hailed a landmark deal with Intel, saying their stock prices are going up.He also expressed readiness to strike more such deals, as they would bring more jobs to the country.Trump also took aim at the “stupid” people opposing the deal saying that the deal is worth $11 billion, of which all returns will be going to the country.“I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS. All goes to the USA. Why are “stupid” people unhappy with that? I will make deals like that for our Country all day long. I will also help those companies that make such lucrative deals with the United States States.” Trump wrote on social media platform Truth Social.He added, “I love seeing their stock price go up, making the USA RICHER, AND RICHER. More jobs for America!!! Who would not want to make deals like that?”Tech giant Intel Corporation had announced that the US government will be investing $8.9 billion in its common stock, as part of the company’s more than $100 billion plan to strengthen domestic technology and manufacturing leadership. The equity stake will come from $5.7 billion in grants already approved but not yet paid under the US CHIPS and Science Act, along with $3.2 billion from the Secure Enclave programme. This takes total government support for Intel to $11.1 billion, including $2.2 billion in earlier CHIPS grants.The announcement also marks a striking turnaround in Trump’s stance toward Intel’s CEO, Lip-Bu Tan. Earlier, the President had publicly demanded Tan’s resignation over his past investments in Chinese technology firms. But after a meeting, Trump described him as the “Highly Respected Chief Executive Officer” who “negotiated this deal” with him.Tan, in response, thanked the administration for its “confidence” in Intel and reaffirmed the company’s commitment to delivering secure and trusted semiconductors for the US.





Source link

Most Popular Articles