US authorities is reportedly in discussions to take stake in Intel | TechCrunch

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The Trump administration continues to meddle with semiconductor big Intel.

The U.S. authorities is reportedly in discussions to take a stake in Intel, based on reporting from Bloomberg. This deal can be structured to assist the corporate develop its U.S. manufacturing efforts, together with its much-delayed Ohio chip manufacturing facility.

This information comes lower than per week after President Donald Trump insisted that Intel CEO Lip-Bu Tan resign due to perceived conflicts of curiosity. While Trump didn’t present a cause, this got here after Republican U.S. Sen. Tom Cotton wrote to Intel’s board asking about Tan’s alleged ties to China.

Tan met with the Trump administration on August 11 to quell the administration’s fears and work out methods for the corporate to work with the federal government. This assembly is what sparked discussions of the U.S. authorities taking a direct stake within the firm, based on Bloomberg.

Intel declined to remark.

“Intel is deeply committed to supporting President Trump’s efforts to strengthen U.S. technology and manufacturing leadership,” an Intel spokesperson mentioned in an announcement. “We look forward to continuing our work with the Trump Administration to advance these shared priorities, but we are not going to comment on rumors or speculation.”

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