Trump says Intel has agreed to give US government a 10% stake
The US government has acquired a 10% stake in Intel, a leading American technology company, through an unprecedented deal. This move comes after President Trump demanded the resignation of Intel CEO Lip-Bu Tan due to his ties to Chinese firms. The deal, announced by Trump and Commerce Secretary Howard Lutnick, is part of the White House's broader efforts to intervene in corporate America. The government's ownership in Intel is seen as a way to strengthen national security and ensure the company's technology remains within the US. The deal is the latest example of the administration's assertive approach in shaping the business landscape, reflecting its concerns over China's growing influence in the technology sector.
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