Trump weighs US stake in Intel to boost Ohio chip plant: Report
The idea emerged after President Donald Trump met Intel CEO Lip-Bu Tan earlier this week. "I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent," Trump wrote on Truth Social on Monday. "The meeting was a very interesting one. His success and rise is an amazing story."TRUMP CRITICISES INTEL CEO OVER CHINESE INVESTMENTSTrump has publicly targeted Tan in the past, even calling for his resignation over previous investments in Chinese tech firms, some tied to the Chinese military. Tan, who became CEO in March after joining Intel's board in 2022, now faces the challenge of reviving the company's fortunes in the booming AI chip sector dominated by Nvidia.Intel said in a statement it is "deeply committed to advancing US national and economic security interests and is making significant investments aligned with the President's America First agenda."Tan, a veteran of the global semiconductor industry, founded Walden International in 1987, backing firms including Taiwan Semiconductor Manufacturing Company and China's state-owned SMIC. Chinese state media once described him as "actively" engaged in advancing the country's chipmaking capabilities.- EndsWith inputs from agencies Tune InMust Watch
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