Reported 1 day ago
President Donald Trump revealed that Intel has agreed to grant the U.S. government a 10% stake in the company. This deal emerged after a meeting with CEO Lip-Bu Tan, amid previous tensions regarding Tan's ties to China. The partnership aims to bolster U.S. chip production amidst a struggling Intel, as it seeks to recover from losses and remain competitive in the AI market. The deal would blur lines between public and private sectors, and while unusual, it falls in line with historical instances of government ownership in major corporations.
Source: YAHOO