Shares of Intel are up in early morning trading on the heels of a report that the U.S. government is considering taking a stake in Intel.
Shares of Intel are up in early morning trading on the heels of a report that the U.S. government is considering taking a stake in Intel. It’s said the talks arose from the Trump administration’s meeting with Intel CEO Lip-Bu Tan earlier this week, though it’s not clear how close the two sides are to a deal or exactly how big of a stake the White House is interested in taking.Citing people who are familiar with the plan, Bloomberg reports that a possible deal would help Intel accelerate plans to build a $20 billion mega-site in Ohio. Intel’s hope is to make the Ohio plant the largest chipmaking site in the world, though timelines for its completion have changed since Intel first announced its plans as the company finds itself in the midst of a major restructuring effort.
