Trump Administration Nears Equity Stake in Intel Amid Chipmaking Push

The Trump administration is in discussions to acquire an equity stake in Intel Corporation to support the company's delayed chip factory project in Ohio, signaling a new level of direct government involvement in the tech industry. This move follows a recent meeting between President Trump and Intel CEO Lip-Bu Tan, after Trump had previously criticized Tan over alleged conflicts due to his ties to China. The talks involve potentially using funds from the US Chips Act to finance the stake, although details remain fluid and no formal agreement has been announced. The potential investment aims to bolster Intel's financial position amid spending cuts and job reductions, reinforcing the company's role in US semiconductor production and national security. Intel's stock has seen significant gains amid these reports, reflecting market optimism about government support. This proposed intervention aligns with the Trump administration's broader strategy of actively engaging with key industries, as seen in recent government stakes in steel and rare-earth material companies.