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SoftBank, Trump Plug Into Intel's Comeback
Financial Express Kochi
|August 20, 2025
LESS THAN TWO weeks after US President Donald Trump called for the ouster of Intel's Lip-Bu Tan, the company's chief executive officer has a shot at securing billions of dollars in fresh capital that could help him turn around the troubled US chipmaker.
The Trump administration is in discussions to take a stake of about 10% in Intel, possibly by converting grants made to the company under the US Chips and Science Act into equity, sources said. That could allow Intel to tap about $10 billion in capital as Tan works out a strategy for revival.
US commerce secretary Howard Lutnick on Tuesday said the government wanted an equity stake in Intel in exchange for cash grants approved during the administration of former President Joe Biden.
Separately, treasury secretary Scott Bessent said any US investment in Intel would be aimed at helping the troubled chipmaker stabilize.
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FLERE HISTORIER FRA Financial Express Kochi
Financial Express Kochi
Tejas fighter jet crash hits India’s export ambitions
THE CRASH OF TEJAS fighter in front of global arms buyers at the Dubai Airshow is the latest blow to a key national trophy, leaving the jet reliant on Indian military orders to sustain its role as a showcase of home-built defence technology.
1 min
November 24, 2025
Financial Express Kochi
Premium for ‘experience’ widens in realty projects
Branded developers rake it in with the promise of quality
1 mins
November 24, 2025
Financial Express Kochi
When tech comes calling
THE TUMULTUOUS CHANGES taking place in the hospitality industry in the context of AI intervention calls for recognition of the new realities for managing the business. It is not an easy task to have AI engaged at every level in the business. Traditionally managed by multitudes of grey-collared personnel, if leaders can get the human-AI partnership work for all, it could be a game-changer.
2 mins
November 24, 2025
Financial Express Kochi
Meta pulled up for hiding mental health harm claims
US COURT FILINGS ALLEGE
3 mins
November 24, 2025
Financial Express Kochi
Pulses imports plunge 45% in April-October
IMPORTS OF PULSES have contracted in the eight months through October as domestic production improved, reports Saikat Neogi.
1 min
November 24, 2025
Financial Express Kochi
Agritech funding plunges over profitability concerns
INDUSTRY EXPERTS EXPECT REVIVAL IN 2026
2 mins
November 24, 2025
Financial Express Kochi
LNG import bill declines 13% to $8 bn in Apr-Oct
EXPENSE EASES
1 mins
November 24, 2025
Financial Express Kochi
Qualcomm’s pitch for PC upgrade wave
INDIAN ENGINEERING IS at the heart of Qualcomm’s new Snapdragon X2 Elite and Extreme chips, which will power next-generation Windows PCs in the coming months.
1 mins
November 24, 2025
Financial Express Kochi
Purple Ascent
HOW ALATE-NIGHT IDEA TURNED INTO A BEAUTY POWERHOUSE, TAKING THE PERSONAL CARE PLATFORM FROM A SIX-MEMBER LOFT OFFICE TO A DATA-DRIVEN GIANT
4 mins
November 24, 2025
Financial Express Kochi
States’ capex likely grew 10% in April-October
CAPITAL EXPENDITURE BY state governments likely grew 10% on-year in the first seven months of the current financial year, but revenue expenditure growth was a modest 4% during the period.
1 mins
November 24, 2025
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