Trump's Administration May Look To Buy A Stake In Intel

Intel has had immoderate caller struggles successful delivering results for its shareholders, but nan institution could soon beryllium answering to an further boss. The existent management is reportedly successful talks to person nan US authorities get a liking successful nan chipmaker. No specifics astir nan size aliases worth of nan imaginable stock successful nan institution person been disclosed, but nan attraction appears to beryllium connected expanding Intel's manufacturing footprint successful nan US. Bloomberg first reported nan news, but astatine slightest 1 root cautioned nan publication that nan business is still successful flux.

Intel initially shared plans to conception a semiconductor installation successful Ohio in 2022 while Pat Gelsinger was still astatine nan helm of nan company. Since then, nan task has faced delays, and astatine its latest quarterly net report, execs said Intel would "slow nan pace" connected nan Ohio construction, arsenic good arsenic scrapping different world building plans and making workforce cuts.

The imaginable for authorities ownership of Intel is nan latest plaything of nan administration's cognition toward nan company. A fewer days aft calling for his resignation complete connections to China, President Donald Trump met pinch CEO Lip-Bu Tan and seemed to now clasp a much affirmative outlook connected nan institution leader.

A typical from Intel told Bloomberg successful a connection that nan institution is "deeply committed to supporting President Trump’s efforts to fortify US exertion and manufacturing leadership. We look guardant to continuing our activity pinch nan Trump management to beforehand these shared priorities, but we are not going to remark connected rumors aliases speculation."