US may purchase stake in Intel after Trump attacked CEO

The US government is considering acquiring a stake in Intel Corporation, a major semiconductor manufacturer, following recent criticism from former President Donald Trump towards Intel's CEO, Pat Gelsinger. Trump's attacks on Gelsinger are believed to be linked to his ongoing feud with President Joe Biden, who has close ties to Intel. The government's potential investment in Intel is seen as a strategic move to strengthen the US semiconductor industry and reduce reliance on foreign chipmakers, particularly amid the ongoing global chip shortage. The article suggests that the Biden administration's efforts to boost domestic chip production and support for Intel may have irked Trump, leading him to criticize Gelsinger and the company. The potential government stake in Intel is part of a broader push to bolster the US's technological capabilities and competitiveness in the face of growing international competition, particularly from China.