The Trump administration is considering taking a stake in Intel to boost the struggling U.S. chipmaker, according to Commerce Secretary Howard Lutnick. The money for the stake would come from previously allocated Biden-era funding, with media reports suggesting a 10% stake using CHIPS and Science Act grants. Lutnick believes that America should benefit from the bargain, as it would provide an equity state for the $100 billion company. The Commerce secretary’s comments come just two weeks after President Trump called on Intel CEO Lip-Bu Tan to resign, accusing him of being “highly conflicted” following Sen. Tom Cotton’s letter to the company, voicing concerns about the CEO’s investments in Chinese companies and his previous role at Cadence Design Systems. The software firm recently pleaded guilty to violating export controls by selling chip design technology to a Chinese military university during Tan’s tenure. However, Trump changed his tone after meeting with Tan last week, and reports began emerging that the administration was considering taking a stake in the company.
Trump is currently weighing the Intel stake. Mr. PopZit Quick Blackheads 1908
