Market Chatter: Intel CEO Sought US Approval for Stock Sale

MT Newswires Live

Aug 12

Intel (INTC) Chief Executive Lip-Bu Tan sought approval from US Commerce Secretary Howard Lutnick ahead of the company's planned stock sale, Semafor reported Tuesday, citing people familiar with the matter.

The government decided not to participate in the sale, but Lutnick approved of the idea, the sources reportedly said.

The sale, initially announced at $15 billion, has since been upsized to $20 billion and will fund artificial intelligence projects including Intel's delayed Ohio chip factory, Semafor said, citing the sources.

Intel has found an anchor investor to backstop the secondary sale, according to the report.

Intel did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 97.34, Change: -0.19, Percent Change: -0.19

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 97.34, Change: -0.19, Percent Change: -0.19</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4534","symbol_name":"瑞士信贷持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2658177119","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2658177119","pubTimestamp":1786473077,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: 97.34, Change: -0.19, Percent Change: -0.19","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}