The US government is reportedly in talks to acquire a stake in the chipmaking giant Intel. The news, first reported by Bloomberg, suggests the Trump administration is considering a direct investment in the company to help boost its manufacturing operations in the United States.
While no specific details about the size or value of a potential deal have been released, the move would be a major development. It comes as Intel is facing several challenges. The company has been struggling with its financial performance, and a major new semiconductor factory it planned to build in Ohio has been hit with delays. In its latest earnings report, Intel said it would “slow the pace” of construction on the Ohio plant, scrap other building plans, and make job cuts.
A direct investment from the government could provide the cash needed to get these projects back on track and expand Intel’s US manufacturing footprint, a key goal of the Trump administration.
This potential deal also marks a significant shift in the administration’s attitude toward the company. Just a few weeks ago, President Trump was calling for the resignation of Intel’s CEO over his connections to China. Now, the two sides are in serious discussions.
In a statement to Bloomberg, an Intel representative said the company is “deeply committed to supporting President Trump’s efforts to strengthen US technology and manufacturing leadership,” but refused to comment on the “rumors or speculation.”
