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US government reportedly in talks to take stake in Intel

News Snapshot:

Intel’s stock spiked late in trading today after reports that the Trump administration is in talks to take a stake in the company. The news follows Trump’s recent call for the ouster of CEO Lip-Bu Tan and a subsequent meeting between the two. Following deals with Nvidia and AMD, Trump now eyes Intel As reported by Bloomberg, the Trump administration is in discussions to take a stake in Intel, in a bid to “help shore up Intel’s planned factory hub in Ohio,” which was once billed as the future largest chipmaking facility in the world, but has suffered multiple setbacks…

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