Trump's administration may look to buy a stake in Intel

2 months ago 5

Intel has had some recent struggles in delivering results for its shareholders, but the company could soon be answering to an additional boss. The current administration is reportedly in talks to have the US government acquire a stake in the chipmaker. No specifics about the size or value of the potential share in the company have been disclosed, but the focus appears to be on increasing Intel's manufacturing footprint in the US. Bloomberg first reported the news, but at least one source cautioned the publication that the situation is still in flux.

Intel initially shared plans to construct a semiconductor facility in Ohio <...

Source: https://www.engadget.com/big-tech/trumps-administration-may-look-to-buy-a-stake-in-intel-213234862.html?src=rss

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