FX.co ★ Trump Administration Weighs Taking Stake in Intel

The Trump administration is reportedly engaged in discussions with Intel concerning the potential acquisition of a government stake in the beleaguered chip manufacturer, as reported by Bloomberg News. These conversations occurred following a recent meeting between President Donald Trump and Intel's CEO, Lip-Bu Tan. This meeting comes on the heels of President Trump's public call for Tan's resignation, prompted by Tan's financial investments in Chinese tech companies, some of which have connections to the Chinese military. Intel, while declining to comment directly on the report, reiterated its dedication to supporting President Trump's initiative to enhance U.S. technology and manufacturing sectors. “Any discussions about potential deals should be seen as speculative until they are officially announced by the administration,” stated White House spokesman Kush Desai. The exact size and price of the proposed stake are still under consideration. If finalized, the deal could inject much-needed capital into Intel's ongoing efforts to regain its former position of leadership in the semiconductor industry, where its supremacy has significantly waned in recent years.