US authorities is reportedly in discussions to take stake in Intel

The Trump administration continues to meddle with semiconductor big Intel.

The U.S. authorities is reportedly in discussions to take a stake in Intel, in accordance with reporting from Bloomberg. This deal could be structured to assist the corporate increase its U.S. manufacturing efforts, together with its much-delayed Ohio chip manufacturing facility.

This information comes lower than per week after President Donald Trump insisted that Intel CEO Lip-Bu Tan resign due to perceived conflicts of curiosity. Whereas Trump didn’t present a cause, this got here after Republican U.S. Sen. Tom Cotton wrote to Intel’s board asking about Tan’s alleged ties to China.

Tan met with the Trump administration on August 11 to quell the administration’s fears and determine methods for the corporate to work with the federal government. This assembly is what sparked discussions of the U.S. authorities taking a direct stake within the firm, in accordance with Bloomberg.

Intel declined to remark.

“Intel is deeply dedicated to supporting President Trump’s efforts to strengthen U.S. know-how and manufacturing management,” an Intel spokesperson mentioned in a press release. “We stay up for persevering with our work with the Trump Administration to advance these shared priorities, however we aren’t going to touch upon rumors or hypothesis.”

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