Bloomberg: ‘Trump Administration Said to Discuss Taking Stake in Intel’
The Trump administration is reportedly in discussions with Intel about the US government taking a stake in the chipmaker. This potential deal aims to support Intel's delayed factory project in Ohio, which was intended to be the world's largest chipmaking facility. The size of the proposed government stake has not been disclosed. These conversations are occurring shortly after President Trump publicly called for the removal of Intel's CEO, citing concerns about his past ties to China. The news was first reported by Bloomberg and later corroborated by The Wall Street Journal. The report suggests a shift in the White House's approach, potentially blurring the lines between state and industry. The author sarcastically comments on this development, drawing parallels to concepts of social ownership and propaganda. The tone implies skepticism regarding the leadership's stability and motives.