Intel’s stock spiked late in trading today after reports that the Trump administration is in talks to take a stake in the company.The news follows Trump’s recent call for the ouster of CEO Lip-Bu Tan and a subsequent meeting between the two.Following deals with Nvidia and AMD, Trump now eyes Intel As reported by , the Trump administration is in discussions to take a stake in Intel, in a bid to “help shore up Intel’s planned factory hub in Ohio,” which was once billed as the future largest chipmaking facility in the world, but has suffered multiple setbacks and has now been pushed into the 2030s.
Intel’s stock, which had gained 7.38% during the day, is currently climbing another 3.2% in after-hours trading.says that the deal, still in the early stages, would see the US government pay for the stake, with details still being worked out.Here are Ryan Gould, Josh Wingrove, and Liana Baker, who broke the story: The talks seem to be a direct result of a meeting earlier this week between President Donald Trump and Intel CEO Lip-Bu Tan, which came after Trump publicly called for Tan’s ouster.
At the time, he said the executive was “highly CONFLICTED,” which was attributed to the fact that before joining Intel, Tan used to lead Cadence Design, a firm which just pleaded guilty in an investigation by the Justice Department over charges of “selling its chip-design products to a Chinese military university,” per the ’s description.also says that Intel declined to comment on the potential deal, but said in a statement that it’s “deeply committed to supporting President Trump’s efforts to strengthen US technology and manufacturing leadership.” The White House hasn’t commented at all, but if history is anything to go by, that may change sooner rather than later.What do you think of this potential deal? Let us know in the comments.
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