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.
In a surprising move, the Trump administration is exploring the possibility of using US Chips Act funds to invest in Intel Corp. This potential funding aims to bolster domestic semiconductor manufacturing amid ongoing challenges faced by the chipmaker.
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.
