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Reuters

The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the plan.
Intel’s shares surged over 7 per cent in regular trading and then another 2.6 per cent after the bell.
The plan stems from a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan, according to the report.
The meeting came days after Trump publicly demanded the resignation of Tan over his investments in Chinese tech companies, some linked to the Chinese military.
Intel declined to comment on the report but said it was deeply committed to supporting Trump’s efforts to strengthen US technology and manufacturing leadership.
“Discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration,” said White House spokesman Kush Desai.

The details of the stake and price are still being discussed, according to the report.
Any agreement and potential cash infusion will help the years-long efforts to turn around the company’s fortunes. Once the undisputed leader in chip manufacturing, Intel has lost its position in recent years.
The chipmaker’s stock market value has plummeted to US$104 billion from US$288 billion in 2020.
Intel’s profit margins – once the envy of the industry – are also at about half their historical highs.
Tan has been tasked with undoing years of missteps that left Intel struggling to make inroads in the booming AI chip industry dominated by Nvidia, while investment-heavy contract manufacturing ambitions led to heavy losses.
Any agreement would likely help Intel build out its planned chip complex in Ohio, Bloomberg reported.
Intel’s planned US$28 billion chip fabrication plants in Ohio have been delayed, with the first unit now slated for completion in 2030 and operations to begin between 2030 and 2031, pushing the timeline back by at least five years.
Taking a stake in Intel would mark the latest move by Trump, a Republican, to deepen the government’s involvement in the US chip industry, seen as a vital security interest to the country.
Earlier this week, Trump made a deal with Nvidia to pay the US government a cut of its sales in exchange for resuming exports of banned AI chips to China.


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Donald Trump

Trump admin weighs taking stake in Intel, US report says

The Intel logo is displayed in front of company headquarters in Santa Clara, California, in July. Photo: AFP

Intel CEO Lip-Bu Tan gives a speech in Taipei, Taiwan, in May. Photo: Reuters

Trump shifts stance on Intel CEO Tan Lip-bu after White House talks

Intel CEO Tan Lip-bu. Photo: dpa/ZUMA Press/TNS

Malaysians, Singaporeans brush off Trump’s attack on Intel CEO

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, on April 29. Photo: Reuters

Visitors take pictures of wafer samples at the Intel booth during Computex 2024 in Taipei in June 2024. US President Donald Trump says Intel’s CEO Lip-Bu Tan is “highly conflicted” and must “resign immediately”. Photo: AFP

Cadence Design Systems’ offices in San Jose, California. The company agreed to a plea deal with the US government in July to settle claims it illegally exported products to China between 2015 and 2021. Photo: Reuters

Trump demands ‘highly conflicted’ Intel CEO resign over China ties

Intel’s CEO Lip-Bu Tan took the helm at struggling Intel in March, announcing lay-offs as White House tariffs and export restrictions muddied the market. Photo: Reuters

Intel is one of Silicon Valley’s most iconic companies, but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business. Photo: Shutterstock

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The plan stems from a meeting between CEO Lip-Bu Tan and Trump, who had demanded he resign over his Chinese investments


The plan stems from a meeting between CEO Lip-Bu Tan and Trump, who had demanded he resign over his Chinese investments.


Trump admin weighs taking stake in Intel, US report says

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The plan stems from a meeting between CEO Lip-Bu Tan and Trump, who had demanded he resign over his Chinese investments

The plan stems from a meeting between CEO Lip-Bu Tan and Trump, who had demanded he resign over his Chinese investments