Trump administration weighs 10% stake in Intel
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SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports, as talks with the company and Trump's team advance.
Money might not be the solution to Intel Corp.’s problems.
The White House on Tuesday said it was “ironing out the details” of a deal that would entail the US government taking a 10 per cent stake in struggling US chipmaker Intel.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
Intel shares are trading marginally lower Monday. The stock is digesting significant gains fueled by reports that the Trump administration is exploring a direct financial stake.
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