The Trump administration continues to intervene in the affairs of semiconductor giant Intel. Reports indicate the U.S. government is in talks to acquire a stake in Intel. This potential deal aims to support the company’s expansion of U.S. manufacturing, including its long-delayed Ohio chip factory.
The news follows President Donald Trump’s recent demand for Intel CEO Lip-Bu Tan to resign, citing perceived conflicts of interest. Though Trump did not provide specific reasons, the move came after Republican Senator Tom Cotton raised concerns about Tan’s alleged ties to China.
Tan met with the Trump administration on August 11 to address these concerns and explore ways for Intel to collaborate with the government. This meeting reportedly led to discussions about the U.S. taking a direct stake in the company.
Intel has declined to comment on the speculation. A company spokesperson stated, “Intel is deeply committed to supporting President Trump’s efforts to strengthen U.S. technology and manufacturing leadership. We look forward to continuing our work with the Trump Administration to advance these shared priorities, but we are not going to comment on rumors or speculation.”