US may take stake in Intel to boost chip production
Trump criticises Intel leadership, urging board action.
The US government is reportedly considering acquiring a stake in Intel to support its domestic chip manufacturing plans. Talks began after Intel CEO Lip-Bu Tan met with Trump administration officials on 11 August, following calls for his resignation over alleged China ties.
President Trump has pushed for greater control over the semiconductor sector and recently criticised Tan, prompting political pressure on Intel’s board.
While Intel declined to comment on a possible deal, it stated its commitment to supporting US technology and manufacturing leadership.
The proposed stake would aid Intel’s delayed Ohio chip factory project and expand its US production capacity.
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