The chief financial officer for the chip manufacturer Intel, David Zinsner, has announced his company received 5.7bn as part of a deal negotiated with the administration of United States President Donald Trump. During an investor conference on Thursday, Zinsner said that Intel, a leader in the US development of semiconductor chips, received the funds on Wednesday evening. Last week, the White House revealed the federal government would take a 10 percent stake in the struggling tech giant, based in Santa Clara, California. As part of the deal, the government negotiated a five-year warrant for an additional 5 percent of Intel's shares, in case the company should cease to own more than 51 percent of its manufacturing operations. "I don't think there's a high likelihood that we would take our stake below 50 percent," Zinsner said.

Our collection of the highs and lows of Intel's 2024 will have you reaching for the brandy. I mean, aside from some of Intel's mobile chips, what exactly did it do right? Let's put it this way: when your ex-CEO prays for your company after he was kicked out, it was a bad year. As we've done for other companies in the past, we've collected the best, worst, and head-scratching moments from the past year. Get yourself a hot mug of cider or a cold glass of egg nog, and sit down with as we recap Intel's 2024. And hold on -- it's going to get bumpy.

Technology giants are increasingly designing their own semiconductors to optimize everything from artificial intelligence tasks to server performance and mobile battery life. Google has the Tensor Processing Unit, Apple Inc. has the A13 Bionic and Amazon.com What the titans all lack, however, is a factory to build the new chips they are dreaming up. Enter Samsung Electronics Co., which is planning a decade-long, $116 billion push for their business. The South Korean company is investing heavily in the next step in miniaturizing semiconductors, a process called extreme ultraviolet lithography (EUV).