Trump Administration May Buy Stake in Intel

by Anika Shah - Technology
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Intel Could Get a New Stakeholder: The US Government

Intel has had some recent struggles in delivering results for its shareholders, but the company could soon be answering to an additional boss.The current governance is reportedly in talks to have the US government acquire a stake in the chipmaker. Bloomberg first reported the news without specifics about the size or value of the potential share the government wants to buy. According to a newer report by Bloomberg and The New York Times, the Trump administration is looking to take a 10 percent stake in Intel as part of its efforts to give domestic chip manufacturing a boost.

The administration is reportedly

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