US Government Plans 10% Stake in Intel, Trump Announces

Washington, August 22: US President Donald Trump announced on Friday that the government has approved a proposal to acquire a 10% stake in tech giant Intel. Following the announcement, Intel's shares surged by more than 7% in the stock market.

Trump said, “Intel has been lagging behind competitors for a long time. I believe US government involvement will benefit both Intel and the country.” He also mentioned that Intel CEO Lip-Bu Tan has agreed to consider the proposal.

Intel has not commented on the matter. The company is currently undergoing significant restructuring, including shutting down certain divisions and laying off employees. The goal is to strengthen focus on core business areas and compete effectively with rivals like Nvidia.

Experts note that government participation in a major corporation is a rare and controversial move. During the 2008-2009 financial crisis, the government temporarily invested in some large companies, which were later sold back to private investors.

It is noteworthy that just before this deal, Japan’s conglomerate SoftBank decided to invest $200 million in Intel. SoftBank plans to purchase Intel common shares at $23 each, while the current share price was around $25.

The US government’s stake could have a significant impact on Intel’s future technology and chip production plans.