US government reportedly in talks to take stake in Intel

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Intel’s stock spiked late in trading today after reports that the Trump administration is in talks to take a stake in the company. The news follows Trump’s recent call for the ouster of CEO Lip-Bu Tan and a subsequent meeting between the two.

Following deals with Nvidia and AMD, Trump now eyes Intel

As reported by Bloomberg, the Trump administration is in discussions to take a stake in Intel, in a bid to “help shore up Intel’s planned factory hub in Ohio,” which was once…



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US government reportedly in talks to take stake in Intel


Intel’s stock spiked late in trading today after reports that the Trump administration is in talks to take a stake in the company. The news follows Trump’s recent call for the ouster of CEO Lip-Bu Tan and a subsequent meeting between the two.

Following deals with Nvidia and AMD, Trump now eyes Intel

As reported by Bloomberg, the Trump administration is in discussions to take a stake in Intel, in a bid to “help shore up Intel’s planned factory hub in Ohio,” which was once…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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