US EditionThe Trump Administration Confirms It’s Seeking a Stake in Intel. Why? It Depends Who You Ask
The U.S. government may acquire a 10% equity stake in Intel to help stabilize the company after its $18.8 billion loss in 2024, officials said.
- On Tuesday, officials from the Treasury and Commerce Departments revealed that the U.S. government is exploring the possibility of acquiring a 10% ownership share in Intel, which is currently facing financial challenges.
- This consideration follows Intel's $18.8 billion loss in 2024, its first annual loss since 1986, amid competition setbacks and prior grants approved during the Biden administration.
- Lutnick emphasized that in exchange for support, the government seeks equity stakes, aiming to shift chip production to the US and reduce reliance on Taiwan for national security reasons.
- Lutnick explained that if financial support is provided, the American taxpayer should receive a non-controlling equity interest in return, ensuring the government does not have a role in managing the company.
- The potential investment could stabilize Intel, serve as a model for future government involvement, and reflects Trump's push to revive US manufacturing and technology leadership.
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The U.S. government wants a stake in the chip maker Intel in return for previous state subsidies.
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U.S. Trade Secretary Howard Lutnick confirmed Tuesday that the Donald Trump government wants a shareholding of Intel technology multinational in exchange for cash grants approved during the Joe Biden administration, reported Reuters news agency.Intel is facing financial problems. On July 24, he announced the progressive closure of its assembly and testing plant in Costa Rica to move these operations to its headquarters in Malaysia and Vietnam. H…
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Total News Sources68
Leaning Left3Leaning Right9Center28Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 23%
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