The Trump administration might take an ownership stake in Intel, Bloomberg reported Thursday, an extraordinary step that could boost the chipmaker’s financial position — but might do little to address its deep technological woes.
Administration officials hope a cash infusion could help boost Intel’s factory network, Bloomberg reported, citing anonymous sources. One goal would be to revive plans for new Intel factories in Ohio, which Intel has shelved indefinitely.
Intel’s shares jumped 7.4%, to $23.86, on the news.
Bloomberg said it wasn’t clear how much of Intel the federal government would buy but said the possibility emerged from talks between President Donald Trump and Intel CEO Lip-Bu Tan. It’s also unclear whether the government would pay market rates for Intel shares.
Just last week, Trump called for Tan’s resignation — apparently because Tan had previously invested in Chinese semiconductor businesses. “There…
