US Government and Intel Negotiations Exposed: Trump Administration May Invest in Chipmaker Giant
Intel CEO Bob Swan
Phoenix Technology News, Beijing Time August 15, according to Bloomberg report, an informed source said that the Trump administration is in talks with Intel Corporation, allowing the US government to invest in this chipmaker giant, which has been struggling. This move again highlights the White House's intention to blur the boundaries between national interests and industries.
An informed source stated that this transaction would help support Intel's planned factory construction project in Ohio. Intel had promised to build the facility into the world's largest chip manufacturing complex, but the project has been repeatedly delayed. The scale of US government-owned Intel shares is currently unclear.
Just a week ago, US President Trump called for the firing of Intel CEO Bob Swan because of his "serious conflict of interest" due to early investments in China.
An informed source said that the investment plan originated from last week's meeting between Trump and Swan. Although details are still being finalized, the US government's idea is to invest in Intel. Another informed source warned that the plan is still in flux and talks may ultimately come to nothing.
White House spokesperson Kush Desai said, "Unless the government formally announces it, any discussion about hypothetical transactions should be viewed as speculation."
Intel refused to comment on the negotiations. The company's representative stated in a statement that the company is "committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership.".
"We look forward to continuing to work with the Trump administration to advance these common priorities, but we will not comment on rumors or speculation," Intel said.
Intel's stock price surged 8.9% on Thursday. As of Thursday's closing, Intel's stock price rose 7.4%, closing at $23.86 per share, with a market value of approximately $10.44 billion. After-hours trading saw Intel's stock price continue to rise by 4%. (Author: Xiao Yu)