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The Trump administration is in talks with Intel Corp. to have the US government potentially take a stake in the beleaguered chipmaker, helping support the company’s effort to expand domestic manufacturing, according to people familiar with the plan.
The deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.
The plans stem from a meeting this week between President Donald Trump and Intel Chief Executive Officer Lip-Bu Tan, the people said. The idea is for the US government to pay for the stake and details are being sorted out, one of the people said. Another cautioned that the plans remain fluid.
Today's show features:
- Bloomberg News Senior Executive Editor for Global Tech Tom Giles and Deals Reporter Ryan Gould on the Trump administration entering talks with Intel Corp. to potentially take a stake in the company
- Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on President Donald Trump’s comments ahead of his summit with Russia’s Vladimir Putin
- Nicola Willis, Minister of Finance for New Zealand on the global trade war, golden visas and her nation’s economic outlook
- Sarah Ponczek, Senior Vice President of Private Wealth Management for UBS Private Wealth Management, on markets and the Federal Reserve
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