Shares in Intel jumped by more than 7% on Thursday, following reports that the Trump administration is in talks to take a stake in the chipmaker.
The reported deal would support the technology firm’s plans to build a manufacturing hub in Ohio, according to Bloomberg, which said the size of the potential stake is not clear.
White House spokesman Kush Desai said “discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration.”
The article comes days after a meeting between Intel boss Lip-Bu Tan and US President Donald Trump, who had earlier accused Mr Tan of being “highly conflicted” due to his earlier ties to China.
The BBC has contacted Intel for comment.
According to Bloomberg, the firm’s spokesperson declined to comment on the discussions and said that Intel is “deeply committed to supporting President Trump’s efforts to strengthen US technology and manufacturing leadership”.
The…
