Trump Administration Seeks Equity Stake in Intel for Chip Production Boost

The Trump administration is exploring a potential government equity stake in Intel, aiming to strengthen US semiconductor production and enhance the nation’s tech manufacturing capabilities. This move comes amidst Intel stock soaring over 11% on August 15th as reports of these discussions circulated. These talks, involving President Donald Trump, Intel CEO Lip-Bu Tan, and top administrative officials, are seen as a significant shift in US tech policy.