Trump Administration in Talks to Take a 10% Stake in Intel

The Trump administration is in talks to acquire a 10% stake in Intel Corporation, the semiconductor giant. This potential move would make the US government the largest shareholder in Intel, a company that has faced various challenges in recent years. The discussions are still ongoing, and the details of the proposed deal are not yet finalized. The White House official and other individuals familiar with the matter have confirmed the administration's interest in taking a significant equity position in Intel. The potential investment is seen as a strategic move to bolster the US's technological capabilities and competitiveness in the semiconductor industry, which is of critical importance for national security and economic competitiveness. The administration's involvement could also provide Intel with additional resources and support to address its current challenges and maintain its position as a leading player in the global chip market.