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US weighs taking stake in Intel, Bloomberg News reports

News Snapshot:

Sign up now: Get ST's newsletters delivered to your inbox The Intel investment plan reportedly came about as a result of a meeting between US President Donald Trump and Intel chief Tan Lip-Bu (above). WASHINGTON – The Trump administration is in talks with Intel to have the US government potentially take a stake in the chipmaker, Bloomberg News reported on Aug 14, citing people familiar with the plan. The company’s shares, which closed about 7 per cent higher in regular trading following the report, were last up 2 per cent after the bell. The plan stems from a meeting this…

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