financetom
Business
financetom
/
Business
/
White House says US deal with Intel 'still being ironed out'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
White House says US deal with Intel 'still being ironed out'
Aug 28, 2025 12:44 PM

WASHINGTON (Reuters) -The deal that struggling chipmaker Intel struck with President Donald Trump to give the U.S. government a 10% stake in the company is still under discussion, the White House said on Thursday.

White House press secretary Karoline Leavitt told reporters the deal was a "creative solution" proposed by Trump that the Department of Commerce was putting into action.

"The Intel deal is still being ironed out by the Department of Commerce," Leavitt told a regular news briefing. "The t's are still being crossed, the i's are still being dotted," she said. "It's very much still under discussion."

Asked to elaborate, a White House official said some aspects of the Intel deal, namely a $3 billion Secure Enclave award from the Department of Defense, were not yet fully implemented.

It was not immediately clear if Leavitt's remarks suggested the Intel deal could still be revised in some way.

Intel finance chief David Zinsner told an investor conference on Thursday that Intel received $5.7 billion in cash on Wednesday night as part of the deal.

The Trump administration has also delayed announcing long-promised tariffs on imported semiconductor chips, with an administration official saying the news was not expected this week.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Domo Shares Decline Following Fiscal Q4 Earnings Report
Domo Shares Decline Following Fiscal Q4 Earnings Report
Mar 8, 2024
12:40 PM EST, 03/08/2024 (MT Newswires) -- Domo ( DOMO ) shares were down 12% in recent Friday trading following the company's fiscal Q4 earnings report late Thursday. The company reported fiscal Q4 non-GAAP loss of $0.05 per share, widening from a loss of $0.02 a year earlier. Analysts polled by Capital IQ expected a loss of $0.05. Revenue for...
Nexstar Media Group Insider Sold Shares Worth $852,286, According to a Recent SEC Filing
Nexstar Media Group Insider Sold Shares Worth $852,286, According to a Recent SEC Filing
Mar 8, 2024
12:38 PM EST, 03/08/2024 (MT Newswires) -- Dana Zimmer, President, Distribution, on March 07, 2024, sold 5,245 shares in Nexstar Media Group ( NXST ) for $852,286. Following the Form 4 filing with the SEC, Zimmer has control over a total of 1,792 shares of the company, with 1,792 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1142417/000095017024028471/xslF345X03/ownership.xml Price: 163.89, Change: +1.44, Percent...
iClick Interactive Asia Group's Shareholders Approve Merger With TSH
iClick Interactive Asia Group's Shareholders Approve Merger With TSH
Mar 8, 2024
12:55 PM EST, 03/08/2024 (MT Newswires) -- iClick Interactive Asia Group ( ICLK ) said Friday its shareholders have approved its merger with TSH Merger Sub, a wholly-owned subsidiary of TSH Investment Holding. The completion of the merger is still subject to certain conditions, the company said. On completion, iClick said it will become a privately-held company and its American...
Simply Better Brands Corp's TRUBAR Brand Further Expands Convenience Channel Footprint Adding Sheetz As New Retail Partner
Simply Better Brands Corp's TRUBAR Brand Further Expands Convenience Channel Footprint Adding Sheetz As New Retail Partner
Mar 8, 2024
12:33 PM EST, 03/08/2024 (MT Newswires) -- Simply Better Brands Corp. ( SBBCF ) Friday announced the further expansion of TRUBAR in the convenience channel with the addition of Sheetz, a major mid-Atlantic convenience chain, as its newest retail brand partner. The convenience channel is critical to building consumer awareness and trial and we're excited to introduce the TRUBAR brand...
Copyright 2023-2026 - www.financetom.com All Rights Reserved