The US government is reportedly in discussions with Intel regarding a potential equity stake in the company. This move could bolster Intel's efforts to expand its domestic manufacturing capabilities, particularly the construction of its planned chip complex in Ohio. The potential agreement could provide Intel with a significant cash infusion, aiding its turnaround efforts amidst increasing competition and previous setbacks.
The discussions follow a meeting between President Trump and Intel CEO Lip-Bu Tan, despite earlier calls for Tan's resignation due to his ties to Chinese firms. Intel has stated its commitment to strengthening US technology and manufacturing leadership.
The size and specific terms of the potential government stake are still under discussion. Intel's stock experienced a surge following the news, reflecting investor optimism about the potential deal.
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