President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal completed just a couple weeks after he depicted the company’s CEO as a conflicted leader unfit for the job. The remarkable turn of events makes the U.S.
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Developments in this update
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Trump administration considering stake in Intel, Lutnick says
Headline from The Hill ·
Names this update
Trump turns $11.1B in US government funds into a 10% stake in downtrodden Intel
Headline from KOB 4 ·
Newest
Trump, Intel announce deal giving US a 10% stake in chipmaker
Treasury Secretary Scott Bessent hinted Tuesday the US government may be considering taking a stake in struggling chipmaker Intel, coming after multiple media outlets have reported that discussions were in place.
U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate a dramatic about-face from the …
The Trump administration is in discussions to take a stake of about 10 percent in Intel Corp., according to a White House official and other people familiar with the matter, in a move that could see t
The Trump administration wants U.S. chipmaker Intel to give the federal government an equity stake to receive $8 billion via the CHIPS and Science Act.
SAN FRANCISCO (AP) — President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around
Commerce Secretary Howard Lutnick told CNBC that the government has no intention of meddling in Intel's business, and will have its hands tied by holding non-voting shares.
The Trump administration is pursuing an unusual deal that would make the U.S. government a major stakeholder in chipmaker Intel. NPR unpacks the proposal with Bloomberg reporter Mackenzie Hawkins.
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.
The Trump administration has confirmed it is in talks to take a 10% stake in struggling semiconductor manufacturer Intel. Some say the move makes perfect strategic sense, but critics warn it could set a risky precedent.
President Donald Trump said on Friday he reached an agreement with Intel CEO Lip-Bu Tan that would involve the struggling chipmaker giving the United States a company stake worth $10 billion, a deal model that Trump said he hopes to revisit with other companies.
President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past tie…
