Could a surprise Intel nationalization be on the cards?
Intel has reportedly entered talks with the White House
This could see the US Government taking a stake in the company
Intel is the most prominent semiconductor manufacturer in the US
The White House has confirmed it is negotiating a deal that could hand over a 10% stake in Intel to the US government.
The chipmaker has faced serious uncertainty in recent months, with multiple quarters of revenue decline, but the agreement could involve trading Intel shares for existing government grants.
«The president wants to put America’s needs first, both from a national security and economic perspective», White House press secretary Karoline Leavitt told reporters.
