US weighs taking stake in Intel: Bloomberg

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The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the plan.

Intel’s shares surged over 7% in regular trading and then another 2.6% after the bell.

The plan stems from a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan, according to the report.

The meeting came days after Trump publicly demanded the resignation of Tan over his investments in Chinese tech companies, some linked to the…



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US weighs taking stake in Intel: Bloomberg



The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the plan.

Intel’s shares surged over 7% in regular trading and then another 2.6% after the bell.

The plan stems from a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan, according to the report.

The meeting came days after Trump publicly demanded the resignation of Tan over his investments in Chinese tech companies, some linked to the…



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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