WASHINGTON (Reuters) -The deal that struggling chipmaker Intel struck with President Donald Trump to give the U.S. government a 10% stake in the company is still under discussion, the White House said on Thursday.
White House press secretary Karoline Leavitt told reporters the deal was a “creative solution” proposed by Trump that the Department of Commerce was putting into action.
“The Intel deal is still being ironed out by the Department of Commerce,” Leavitt told a regular news briefing. “The t’s are still being crossed, the i’s are still being dotted,” she said. “It’s very much still under discussion.”
Asked to elaborate, a White House official said some aspects of the Intel deal, namely a $3 billion Secure Enclave award from the Department of Defense, were not yet fully implemented