U.S. Considers Taking Stake in Intel Amid Geopolitical Tensions
The Trump administration is negotiating with Intel about a potential U.S. government stake in the semiconductor giant, Bloomberg News reported. Shares surged nearly 7% following the news, reflecting market Optimism about state-backed support for domestic chip production.
Discussions originated from a meeting between President TRUMP and Intel CEO Lip-Bu Tan, though tensions remain after Trump previously demanded Tan's resignation over his Chinese tech investments. The White House declined to comment on whether this move aims to counter Chinese technological advancement.