Trump administration weighs 10% stake in Intel
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Money might not be the solution to Intel Corp.’s problems.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports, as talks with the company and Trump's team advance.
The White House on Tuesday said it was “ironing out the details” of a deal that would entail the US government taking a 10 per cent stake in struggling US chipmaker Intel.
Intel shares are trading marginally lower Monday. The stock is digesting significant gains fueled by reports that the Trump administration is exploring a direct financial stake.
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