Trump says Intel has agreed to a deal for US to take 10% equity stake
Published on: Aug. 23, 2025, 12:08 a.m. | Source: The Economic Times
President Trump announced the U.S. would acquire a 10% stake in Intel following a meeting with CEO Lip-Bu Tan, spurred by concerns over Tan's ties to Chinese firms. This move, part of Trump's strategy to bolster U.S. semiconductor and rare earth industries, aims to revive Intel's struggling foundry business after a significant annual loss.
