Intel Reaches $8.9 Billion Deal to Sell U.S. Government a 10% Stake
In a move reminiscent of past government rescues of major industries, Intel has agreed to sell a 10 percent ownership stake to the U.S. government for $8.9 billion. The deal marks one of the most significant federal interventions in a private company since the auto industry bailout following the 2008 financial crisis. President Trump announced […]
Trump meets with Intel CEO after demanding he resign
US President Donald Trump on Monday said he had a “very interesting” meeting with the chief of US chip maker Intel, just days after calling for his resignation. Trump said on his Truth Social platform that he met with Lip-Bu Tan along with Secretary of Commerce Howard Lutnick and Secretary of Treasury Scott Bessent. “The […]
