Intel, Trump
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The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.
Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.
A breakup appears to be an option under consideration by Intel chairman Frank Yeary, who explored the idea before Tan was even hired, according to reporting by The Wall Street Journal. Tan seems to be resisting the idea of breaking off the company’s manufacturing business, but his ultimate stance remains unclear.
Intel’s stock is on a roll after a White House meeting that could prove a turning point in the struggling chipmaker’s relationship with the Trump administration.
5don MSN
Intel CEO to visit White House after Trump called for his ouster over alleged China ties: report
Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for his ouster over ties to China, according to a new report.
The Trump administration is reportedly weighing a stake in Intel to boost US chipmaking and ease tensions with its CEO
Intel CEO Lip-Bu Tan was due to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, a source familiar with the matter said.
Lip-Bu Tan is set to meet with the president, who last week called for Tan’s removal.
In a potentially dramatic shift for corporate America and U.S. industrial policy, the Trump administration is actively considering a plan to buy a direct stake in Intel, one of the world’s largest and most strategically important chipmakers and the recent target of fierce criticism from the president himself.