Trump administration set for discussions with Intel
President Trump and Intel CEO Lip-Bu Tan could be in discussions about a deal
Intel shares rose 7% following the report
The company’s $28 billion Ohio One campus could benefit from such investment
The Trump administration is reportedly in talks over taking a stake in beleagured chipmaker Intel in its latest bid to boost US manufacturing,
Reports from Bloomberg claim after the recent meeting between President Trump and Intel CEO Lip-Bu Tan – a relationship that’s been threatened after the President called for Tan to resign over alleged ties to China, talks have reportedly been held over a deal.
A potential government investment could include equity stakes, guaranteed purchases, loans and private financing, similar to the Pentagon’s recent $400 million stake in MP Materials which recently brought on the provision of a $150 million loan.
