Related News

Photo credit: PIB NEW DELHI: Indian Railways has approved running India’s first indigenous hydrogen fuel-cell-based train on the Jind-Sonipat section of the Northern Railway, entering the elite club of nations

The National Science Foundation on Thursday reversed a decision to dismantle a sprawling ocean monitoring network after vigorous objections from Democratic lawmakers and scientists who rely on it to track

Isro chairman V Narayanan (Right) NEW DELHI: Isro chairman V Narayanan has revealed that the space agency is collaborating with the Department of Atomic Energy (DAE) to develop an advanced

Patna: A monumental banyan tree (Ficus benghalensis) located on the Indian Tobacco Company (ITC) campus in Munger has been identified as one of the world’s oldest scientifically dated living trees

NEW DELHI: Unexpected side effects from medicines often come to light only after a drug is widely used. To strengthen monitoring of such cases, India’s drug regulator has directed pharmaceutical

Mathematical model reveals how ambitious you should be. A mathematical model has now cracked the exact degree to which one should be ambitious and unlike conventional wisdom, it says ‘don’t

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