The United States government has acquired a 10% equity stake in chipmaker Intel, an agreement that converts previously allocated federal grants into a significant ownership position. The deal, announced by President Donald Trump, makes the U.S. government one of the company’s largest shareholders and is considered…
Intel Corporation (INTC) announced two landmark investment deals this week, with SoftBank Group and the U.S. government both acquiring significant stakes in the chipmaker. The twin announcements have sent Intel’s stock price soaring, signaling renewed confidence in the company’s turnaround efforts and its central role in…
WASHINGTON – President Donald Trump has publicly demanded the immediate resignation of Intel CEO Lip-Bu Tan, citing what he calls a significant “conflict of interest” due to Tan’s alleged ties to China. The demand, made via a post on his social media platform, follows a letter…