This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Chip designer Intel's shares were up 2% today after CFO David Zinsner outlined at Citi's 2025 Global Technology, Media And Telecommunications Conference that the firm was on track to close its Altera divestment. At the event, Zinsner shared details about the US government's historic 10% stake in Intel, as he outlined that it was a great deal for the taxpayer and the American people.

Intel CFO Says Firm Will Use US Equity Funds To Clear Out Its Debt Due By 2025 End

Early in his chat with Citi's Christopher Danely, Zinsner outlined that before the US government took a stake in the firm, Intel had "roughly 5.7 billion dollars of grants still to go. Alo

See Full Page