Reported 1 day ago
President Donald Trump announced an agreement with Intel CEO Lip-Bu Tan, where Intel will provide a 10% stake valued at $10 billion to the U.S. as part of an initiative to enhance semiconductor manufacturing domestically. Despite previous calls for Tan's resignation due to alleged ties to China, Trump deemed the deal beneficial for both parties. This move aligns with efforts to bolster national security through increased local chip production, amid ongoing competition with Taiwan-based manufacturers.
Source: YAHOO