India-China border talks to be held next week
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Economic Times
16 minutes ago
- Economic Times
US weighs taking stake in Intel: Bloomberg
The Trump administration is reportedly considering taking a stake in Intel to support the struggling chipmaker. Talks followed a meeting between Trump and CEO Lip-Bu Tan, amid national security concerns and delays in Intel's Ohio chip plants. The move aims to revitalise US chip leadership and manufacturing strength. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the shares surged over 7% in regular trading and then another 2.6% after the plan stems from a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan , according to the meeting came days after Trump publicly demanded the resignation of Tan over his investments in Chinese tech companies, some linked to the Chinese declined to comment on the report but said it was deeply committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership."Discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration," said White House spokesman Kush details of the stake and price are still being discussed, according to the agreement and potential cash infusion will help the years-long efforts to turn around the company's fortunes. Once the undisputed leader in chip manufacturing, Intel has lost its position in recent chipmaker's stock market value has plummeted to $104 billion from $288 billion in profit margins - once the envy of the industry - are also at about half their historical has been tasked to undo years of missteps that left Intel struggling to make inroads in the booming AI chip industry dominated by Nvidia, while investment-heavy contract manufacturing ambitions led to heavy agreement would likely help Intel build out its planned chip complex in Ohio, Bloomberg planned $28 billion chip fabrication plants in Ohio have been delayed, with the first unit now slated for completion in 2030 and operations to begin between 2030 and 2031, pushing the timeline back by at least five a stake in Intel would mark the latest move by Trump, a Republican, to deepen the government's involvement in the US chip industry, seen as a vital security interest to the this week, Trump made a deal with Nvidia to pay the US government a cut of its sales in exchange for resuming exports of banned AI chips to China.
Time of India
an hour ago
- Time of India
US weighs taking stake in Intel: Bloomberg
Academy Empower your mind, elevate your skills The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the shares surged over 7% in regular trading and then another 2.6% after the plan stems from a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan , according to the meeting came days after Trump publicly demanded the resignation of Tan over his investments in Chinese tech companies, some linked to the Chinese declined to comment on the report but said it was deeply committed to supporting President Trump's efforts to strengthen US technology and manufacturing leadership."Discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration," said White House spokesman Kush details of the stake and price are still being discussed, according to the agreement and potential cash infusion will help the years-long efforts to turn around the company's fortunes. Once the undisputed leader in chip manufacturing, Intel has lost its position in recent chipmaker's stock market value has plummeted to $104 billion from $288 billion in profit margins - once the envy of the industry - are also at about half their historical has been tasked to undo years of missteps that left Intel struggling to make inroads in the booming AI chip industry dominated by Nvidia, while investment-heavy contract manufacturing ambitions led to heavy agreement would likely help Intel build out its planned chip complex in Ohio, Bloomberg planned $28 billion chip fabrication plants in Ohio have been delayed, with the first unit now slated for completion in 2030 and operations to begin between 2030 and 2031, pushing the timeline back by at least five a stake in Intel would mark the latest move by Trump, a Republican, to deepen the government's involvement in the US chip industry, seen as a vital security interest to the this week, Trump made a deal with Nvidia to pay the US government a cut of its sales in exchange for resuming exports of banned AI chips to China.
Time of India
an hour ago
- Time of India
'Multi-level talks': China says it is engaging with India; Wang Yi's visit details to be shared ‘in due course'
. China confirms dialogue with India, says Wang Yi's visit details to be revealed 'in due course' . China confirms dialogue with India, says Wang Yi's visit details to be revealed 'in due course' . 1 2 China and India are continuing talks at multiple levels, though Beijing has not confirmed reports that Chinese foreign minister Wang Yi may visit New Delhi on August 18 to meet national security adviser Ajit Doval. Chinese foreign ministry spokesperson Lin Jian told reporters on Thursday that the two countries are 'maintaining interactions at various levels' and are ready to work together on key issues. He added that China is prepared to act on agreements reached between the two countries' leaders, maintain high-level exchanges, build political trust, strengthen cooperation, and manage differences carefully. "We stand ready to work with India to act on the important common understandings reached between leaders of our two countries, maintain the momentum of high-level exchanges, cement political mutual trust, enhance practical cooperation, properly handle differences, and promote the sustained, sound and steady development of China-India ties," Lin said. On questions about Wang Yi's travel plans, Lin said, 'Relevant information will be released in due course.' He described the China-India relationship as a partnership of 'immense potential' in the global south and called cooperation between the two countries the 'right choice' for both sides. Lin also said China is ready to work with India to increase trust, expand cooperation, handle differences with a broader perspective, and strengthen collaboration on multilateral platforms such as the Shanghai Cooperation Organisation, aiming for steady and sound development of bilateral ties. Meanwhile, India's ministry of external affairs (MEA) said both countries are working to resume trade through designated border points, including Lipulekh Pass in Uttarakhand, Shipki La Pass in Himachal Pradesh, and Nathu La Pass in Sikkim. The MEA also noted that India and China have restarted talks on border trade through all designated points after a five-year pause.
