Intel Has Agreed To a Deal For US To Take 10% Equity Stake, Trump Says (reuters.com)
(Saturday August 23, 2025 @03:00AM (msmash)
from the how-about-that dept.)
President Donald Trump said on Friday the U.S. would [1]take a 10% stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America. Reuters:
> The development follows a meeting between CEO Lip-Bu Tan and Trump earlier this month that was sparked by Trump's [2]demand for the Intel chief's resignation over his ties to Chinese firms.
[1] https://www.reuters.com/business/trump-says-intel-has-agreed-deal-us-take-10-equity-stake-2025-08-22/
[2] https://slashdot.org/story/25/08/07/1427230/us-president-calls-on-intel-ceo-to-resign-over-china-ties
> The development follows a meeting between CEO Lip-Bu Tan and Trump earlier this month that was sparked by Trump's [2]demand for the Intel chief's resignation over his ties to Chinese firms.
[1] https://www.reuters.com/business/trump-says-intel-has-agreed-deal-us-take-10-equity-stake-2025-08-22/
[2] https://slashdot.org/story/25/08/07/1427230/us-president-calls-on-intel-ceo-to-resign-over-china-ties