The chipmaker’s stock has surged in the past week after CEO Lip-Bu Tan met with President Donald Trump, shortly after Trump called for his resignation.
HILLSBORO, Oregon — Just a week after President Donald Trump publicly called for Intel CEO Lip-Bu Tan to resign, a new report from Bloomberg suggests the Trump administration is now considering a significant investment in the semiconductor company.
The report, released Thursday, indicates that officials are discussing the possibility of taking a financial stake in Intel using funds from the CHIPS and Science Act, passed in 2022 under the Biden administration. The potential move could support Intel’s plans to expand domestic manufacturing,
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