Intel, White House
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From Intel to Nvidia, the Trump administration is rewriting the playbook on how the presidency interacts with American capitalism.
The US government is in discussions to potentially take a partial ownership stake in Intel, according to an Aug. 18 report by Bloomberg. The deal could help accelerate the construction of Intel’s long-delayed semiconductor manufacturing plant in Ohio.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
The White House is reviewing taking a 10% stake in chipmaker Intel, White House Press Secretary Karoline Leavitt explains the end goal of what would be the first of its kind move.