Trump Administration Considering Stake in Intel Amid Ongoing Conflicts of Interest

The U.S. government is reportedly considering investing in semiconductor giant Intel, according to recent reports from multiple sources. This potential deal would aim to boost the company’s domestic manufacturing initiatives, including the long-delayed construction of an Ohio chip factory.

This development comes on the heels of President Donald Trump’s call for Intel CEO Bob Tan’s resignation, which was reportedly due to perceived conflicts of interest. While no official reason was given, this decision followed a letter from Republican U.S. Senator Tom Cotton to Intel’s board regarding allegations about Tan’s ties to China.

Tan held a meeting with the Trump administration on August 11 to address the administration’s concerns and explore possibilities for the company to collaborate more closely with the government. It was during this meeting that discussions about the U.S. government directly acquiring a stake in Intel reportedly began, according to reports.

Intel has declined to comment on these developments.

In a statement, an Intel spokesperson said, “Intel is fully committed to supporting President Trump’s initiatives aimed at strengthening U.S. technological and manufacturing leadership. We are eager to continue our work with the administration to achieve these mutual goals, but we will not comment on rumors or speculation.”