Intel: Trump Administration’s Stake Poses Business Risks, Government Ownership Could Rise to 15%
According to a report by Jinse Finance, The Washington Post stated that Intel (INTC.O) warned on Monday that the U.S. government's 10% stake poses a risk to its business, and if certain manufacturing thresholds are not met, the government's shareholding could rise to 15%. In a filing submitted to the U.S. Securities and Exchange Commission (SEC), Intel indicated that this deal could lead to a decline in its sales and provoke strong opposition from other countries, business partners, and even its own employees.
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