Intel announces $8.9 billion investment from US government, which will own 9.9% of chipmaker [View all]

[AZ8theist]

Source: Yahoo Finance

The US government has taken an $8.9 billion, 9.9% stake in Intel (INTC), buying 433.3 million shares in the chipmaker at a price of $20.47 per share.

The government’s investment in Intel will be passive ownership, with no Board representation or other governance or information rights, Intel said in a statement. Intel said the government also agreed to vote with the company's Board of Directors.

Read more: https://finance.yahoo.com/news/intel-announces-89-billion-investment-from-us-government-which-will-own-99-of-chipmaker-180452175.html

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Wait! I thought Republicans screeched at the government "picking individual companies" to invest in??

I guess that only applies to a Democratic administration.