Business Rundown: U.S. Government Takes 10 Percent Stake In Chipmaker Intel

Last Friday, President Trump announced a deal that would see the U.S. government take 10 percent equity in the chipmaker, Intel.

Under the terms of the deal, the government will use nearly 9 billion dollars in federal grant money from the 2022 CHIPS Act to purchase this stake in the company. FOX Business correspondent Lydia Hu speaks with SlateStone Wealth partner and chief market strategist Kenny Polcari about this Intel deal and the market reaction to Fed Chair Powell last week.

Photo Credit: AP