Trump administration weighs 10% stake in Intel
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Intel Corporation sees a steep rally; speculation over U.S. stake and SoftBank investment fuels optimism, but can it overcome challenges? Click for our INTC update.
The Trump administration wants a return on money the struggling semiconductor maker gets under the Biden-era CHIPS Act.
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the attention of investors and policymakers alike. After years of struggling to keep pace with competitors like Nvidia (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing (NYSE:TSM),
The Trump Administration is reportedly in talks with Intel for a roughly $10 billion investment in the languishing chipmaker..
It’s hard to gauge what the consequences of the investment would be for Intel’s Irish operation in Leixlip, which seems to have escaped the worst of the cost-cutting measures introduced by Tan when he took over in March (although it was reported in July that almost 200 mandatory redundancies would be implemented this year at the Leixlip plant).
Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel Corp. for the government to take a stake in the chipmaker, casting the plan as a bid to convert Chips and Science
Intel stock popped on Friday on a report the US government could take a stake in the ailing chip company.
8hon MSN
Tulsi Gabbard strips 37 security clearances over Obama-ordered intel report that launched Russiagate
Director of National Intelligence Tulsi Gabbard announced the revocation of 37 security clearances of current and former officials who “abused public trust by politicizing and
President Donald Trump on Aug. 7 called for Intel CEO Lip Bu Tan to resign, accusing him of being “highly conflicted” over reported investments in Chinese semiconductor firms. The remarks, expressed via a post on his Truth Social network,