CHIPS, Intel and equity stake
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From Intel to Nvidia, the Trump administration is rewriting the playbook on how the presidency interacts with American capitalism.
10don MSN
Intel CEO to visit White House after Trump called for his ouster over alleged China ties: report
Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for his ouster over ties to China, according to a new report.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
The Trump administration is in talks to take a 10% stake in the struggling chipmaker. Some say it makes perfect strategic sense, but critics argue that it could set a risky precedent.
Intel is getting a $2 billion capital injection from SoftBank Group in a major vote of confidence for the troubled U.S. chipmaker.