URGENT: US Government Takes Unprecedented Stake in Tech Giant Intel Amid Growing Economic Concerns

BREAKING NEWS US Government Takes Unprecedented Stake in Tech Giant Intel Amid Growing Economic Concerns The US government has taken a significant stake in Intel, the world's largest semiconductor manufacturer, in an unprecedented move amid growing economic concerns. The exact terms of the deal are not yet clear. Intel's stock price plummeted 10% in pre-market trading following the announcement, with investors scrambling to understand the implications of the government's involvement. The company's market value has been affected by supply chain disruptions and declining demand for its products. The US government has historically avoided taking stakes in private companies, preferring to allow markets to dictate winners and losers. However, during times of crisis or war, the government has intervened to protect national interests. This move is seen as a response to growing economic concerns and potential vulnerabilities in the tech sector. Intel's headquarters in Santa Clara, California will likely be at the center of the government's involvement, with officials working closely with the company's leadership to address the challenges facing the industry. This is a developing story, and further details on the terms of the deal and its implications for Intel and the broader economy are expected to emerge in the coming hours and days. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*