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Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC chips with the troubled chipmaker, which took on the U.S. government as an investor last month. Full details: cnb.cx/46dTy0I | CNBC
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Sen. Rand Paul (R-Ky.) on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.” Intel announced last month that the U.S. government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares, giving it a 10% stake in the company. President Donald Trump said on Truth Social last month that the government’s stake in the chipmaker is a “great Deal for America, and, als
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