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Intel is in talks with other large investors to receive an equity infusion at a discounted price, people familiar with the matter told CNBC's David Faber .

Intel stock slid nearly 7% on Wednesday, more than erasing its gains from earlier this week. The stock initially surged as investors responded to Intel's announcement of a $2 billion capital injection from SoftBank and reports that the Trump administration is weighing different ways to get involved with the company.

Commerce Secretary Howard Lutnick told CNBC on Tuesday that the U.S. government must receive an equity stake in Intel in exchange for CHIPS Act funds.

Sources told Faber that the chipmaker is now looking beyond SoftBank for an equity

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