The Trump administration continues to intervene in the affairs of semiconductor giant Intel. Reports indicate that the U.S. government is in talks to acquire a stake in the company. This move is aimed at supporting Intel’s expansion of domestic manufacturing, including its long-delayed Ohio chip facility.
The discussions follow President Donald Trump’s recent demand for Intel CEO Lip-Bu Tan to step down, citing undisclosed conflicts of interest. The call for Tan’s resignation came after Republican Senator Tom Cotton raised concerns about the CEO’s alleged connections to China.
Tan met with Trump administration officials on August 11 to address these concerns and explore ways for Intel to collaborate with the government. This meeting reportedly led to the current discussions about a potential government stake in the company. Intel has declined to comment on the matter.
In a statement, an Intel spokesperson emphasized the company’s commitment to supporting President Trump’s initiatives to bolster U.S. technology and manufacturing leadership. However, the company refrained from addressing rumors or speculation regarding the government’s potential investment.
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