Talks for an undisclosed stake come days after President Donald Trump called for Intel’s CEO to resign.
The Trump administration is negotiating a potential stake in Intel to support a delayed Ohio factory, following a meeting between Trump and Intel CEO Lip-Bu Tan, amid Trump’s call for Tan’s resignation over past investments in Chinese tech. With Intel’s stock value plummeting and profit margins low, this deal could assist in revitalizing the company and bolster U.S. chip manufacturing security.
