In a surprising move, President Trump reveals that Intel Corp. will provide the US government with a 10% equity stake. This deal is poised to reshape the chipmaking landscape, with formal details expected soon.
The U.S. Commerce Secretary announced plans for the government to take an equity stake in Intel as part of a strategy to stabilize the struggling chipmaker. This follows reports of a potential 10% stake conversion from grants approved under the Biden administration.
Intel Corp. has appointed Lip-Bu Tan as its new CEO, entrusting him with leading the company through the challenges of the semiconductor industry. Tan will take over on March 18 and rejoin the board after stepping down in 2024.
In a historic move, TSMC announces a $100bn investment in the US, potentially reshaping global semiconductor dynamics and US-Taiwan relations, while raising security concerns in Taiwan.
