Trump, Intel Agree to 10% U.S. Stake
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President Donald Trump on Aug. 7 called for Intel CEO Lip Bu Tan to resign, accusing him of being “highly conflicted” over reported investments in Chinese semiconductor firms. The remarks, expressed via a post on his Truth Social network,
Sen. Chris Coons (D-Del.) joins 'Squawk Box' to discuss President Trump's deal to allow Nvidia and AMD to sell chips to China, AI arms race with China, Trump administration's push for a stake in Intel,
This deal is the culmination of America’s resurgent interest in industrial policy, the same interest we always develop when we sense a challenge to our global economic dominance. Whenever we spot a new competitor on the horizon,
A change in leadership could pile pressure on the company as it pushes through a major strategic reset that Lip-Bu Tan started.
The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick. Experts say the unconventional deal could backfire.
Lip-Bu Tan’s venture-capital firm has supported some of the biggest names in China’s chip industry. With U.S.-China tensions running high, those investments no longer look so benign.
In a post on X, formerly known as Twitter, Republican Sen. Bernie Moreno accused CEO Lip-Bu Tan of having ties to the "CCP," an apparent reference to the Chinese communist party. The senator called on Tan to "immediately resign" and also said Ohio should conduct a fraud investigation into the executive.