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If you frequently call or visit countries outside the US, these prepaid phone plan improvements could help your travel budget.
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Intel announced that SoftBank Group Corp., the Japanese investment giant, would put $2 billion at $23 per share into the struggling company, with the stated goal of investing in semiconductor manufacturing in the United States. That would give it about two percent of the company, as the Wall Street Journal noted.
The real question is what the United States government is pushing for, and if it will be allowed to: essentially convert the $10.9 billion previously earmarked for Intel as part of the U.S. Chips Act into equity. Though Bloomberg reported the proposed deal on Monday, Commerce Secretary Howard Lutnick confirmed the government's intentions publicly on CNBC on Tuesday morning.
"We should get an equity stake for our money, so we'll deliver the money which was already committed under the Biden administration," Lutnick told CNBC, as quoted by NBC News. "We'll get equity in return for it," he added, and "get a good return for the American taxpayer."
Bloomberg has stated that the government's investment would equate to about a 10 percent equity stake in Intel, though this has not been confirmed. Intel has also not commented on whether it would agree to such a deal. It's also unclear whether the company would have any say in the matter. The government does
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Google Fi, the search giant's cellular service, offers simple smartphone plans that can save you money and now even run on iPhones—but it isn't fast enough to keep up with the big carriers.
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