The Trump administration is said to be discussing the government's stake in Intel.
According to informed sources, the Trump administration is in talks with Intel Corporation, and the U.S. government may invest in this struggling chip manufacturer to support its efforts to expand domestic manufacturing. The sources stated that this deal would help solidify Intel's planned factory cluster in Ohio. The company had promised to develop the site into the world's largest chip manufacturing facility, but this plan has been delayed multiple times. The sources said that these plans arose from a meeting between Trump and Intel's CEO this week. One source mentioned that the idea is for the U.S. government to fund this equity investment, with specific details still being finalized. Another source cautioned that there are still uncertainties surrounding the plans.
Latest
3 m ago