Trump has been meddling with Intel,
which now apparently includes mulling
⭐️"the possibility of the US government taking a financial stake in the troubled chip maker,"
the Wall Street Journal reported.
Trump and Intel CEO Lip-Bu Tan weighed the option during a meeting on Monday at the White House
These talks have only just begun
—with Intel branding them a rumor
—and sources told the WSJ that Trump has yet to iron out how the potential arrangement might work.
The WSJ's report comes after Trump called for Tan to
"resign immediately" last week.
Trump's demand was seemingly spurred by a letter that Republican senator Tom Cotton sent to Intel,
accusing Tan of having "concerning" ties to the Chinese Communist Party.
However, Trump was seemingly impressed by Tan
after some face-time this week.
Trump came out of their meeting professing that Tan has an
"amazing story," Bloomberg reported,
noting that any agreement between Trump and Tan
"would likely help Intel build out"
its planned $28 billion chip complex in Ohio.
Those chip fabs
—boosted by CHIPS Act funding
—were supposed to put Intel on track to launch operations by 2030,
but delays have set that back by five years,
Bloomberg reported.
That almost certainly scrambles another timeline that Biden's Commerce Secretary Gina Raimondo had suggested would ensure that
"20 percent of the world’s most advanced chips are made in the US by the end of the decade."
https://arstechnica.com/tech-policy/2025/08/us-may-purchase-stake-in-intel-after-trump-attacked-ceo/