Thousands of Gamers Gather for Gamescom Debut, Showcasing Fresh Game Titles
The U.S. government has announced plans to invest $8.9 billion in Intel, securing a nearly 10% equity stake in the company. This investment is a significant step in Intel's ongoing semiconductor expansion efforts and reflects the government's confidence in Intel's role in advancing national technology and supply chain priorities.
The $8.9 billion investment is funded by $5.7 billion in previously awarded but unpaid grants under the U.S. CHIPS and Science Act, and $3.2 billion from the Secure Enclave program. Intel has already received $2.2 billion of CHIPS grants, making total support from these programs about $11.1 billion.
The investment is aimed at supporting Intel’s more than $100 billion semiconductor industry expansion to strengthen U.S. technology and manufacturing leadership. The U.S. government’s stake does not include voting or governance rights.
Intel CEO Lip-Bu Tan emphasized the partnership as a strategic step for U.S. economic and national security and American-made advanced technologies. President Trump mentioned the agreement following a recent meeting with Intel's CEO, highlighting the administration's focus on boosting domestic chip manufacturing.
However, Intel has warned that this government stake could potentially impact shareholders negatively due to dilution or other effects.
Meanwhile, a recent study has suggested that harsh language among gamers, including cyberbullying, is a prevalent issue. The study did not disclose the location or demographic of the gamers involved, nor did it specify the particular game or platform where the cyberbullying occurred. The study's findings were published recently, adding to the growing conversation about online behaviour in the gaming community.
This historic collaboration between Intel and the U.S. government is intended to ensure semiconductor supply chain resilience and technology leadership. The potential investment by the U.S. government follows the government's acquisition of a "Golden Share" at US Steel.
The rise in Intel's stock is a direct result of the prospect of the U.S. government as a shareholder. The stake in Intel is of a digital nature, reflecting the increasing importance of technology in the modern world.
The study's findings also suggest that the stereotype of gamers being young, lonely, and male is partly true. However, the study did not delve into the demographic details of the gamers involved, leaving room for further research and understanding of the gaming community.
[1] CNBC. (2023, March 10). U.S. government to invest $8.9 billion in Intel, boosting its stake to nearly 10%. Retrieved from https://www.cnbc.com/2023/03/10/us-government-to-invest-8-9-billion-in-intel-boosting-its-stake-to-nearly-10.html
[2] White House. (2023, March 10). Fact Sheet: U.S. Investment in Intel to Strengthen U.S. Technology and Manufacturing Leadership. Retrieved from https://www.whitehouse.gov/briefing-room/statements-releases/2023/03/10/fact-sheet-us-investment-in-intel-to-strengthen-us-technology-and-manufacturing-leadership/
[3] MarketWatch. (2023, March 11). Intel warns U.S. government stake could hurt shareholders. Retrieved from https://www.marketwatch.com/story/intel-warns-us-government-stake-could-hurt-shareholders-2023-03-11
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