Trump, Intel Agree to 10% U.S. Stake
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The U.S. government has acquired a 10% equity stake in Intel Corp for $8.9 billion, marking a significant federal investment aimed at bolstering semiconductor manufacturing leadership. This transaction,
The US government has acquired a 10% stake in Intel for $8.9 billion, funded through CHIPS Act grants and the Secure Enclave program. This move, celeb
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Automate Your Life on MSNTrump blasts Intel CEO Lip-Bu Tan, says he must resign now
On August 7, 2025, President Donald Trump broke from the usual playbook with a blunt, high-stakes demand: Intel CEO Lip-Bu Tan must resign immediately, branding him “highly conflicted.” Such public pressure on the head
He reminded Trump and his team that the U.S. manufactures less than 12% of the world’s semiconductors today, a steep fall from 37% in 1990. Every advanced military system depends on cutting-edge chips. Every artificial intelligence platform requires processors. Even basic infrastructure relies on semiconductors.
Intel CEO Lip-Bu Tan defended his integrity and vowed to continue leading the semiconductor company through a "critical moment."
President Donald Trump on Aug. 7 called for Intel CEO Lip Bu Tan to resign, accusing him of being “highly conflicted” over reported investments in Chinese semiconductor firms. The remarks, expressed via a post on his Truth Social network,
Japanese investment giant SoftBank has announced a substantial US$2bn investment in Intel, the major American semiconductor company. This move marks a significant vote of confidence for Intel, which has faced scrutiny, including pressure from U.S. political figures calling for the resignation of its CEO.
A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a reported 10% stake by the U.S. would be worth about $10.4 billion as of Monday’s share price.