Lip-Bu Tan, chief govt officer of Intel Corp., departs following a gathering on the White Home in Washington, DC, US, on Monday, Aug. 11, 2025.
Alex Wroblewski | Bloomberg | Getty Photos
Intel shares rose 7% on Thursday after Bloomberg reported that the Trump administration is in talks with the chipmaker to have the U.S. authorities take a stake within the struggling firm.
Intel is the one U.S. firm with the aptitude to fabricate the quickest chips on U.S. shores, though rivals together with Taiwan Semiconductor Manufacturing Firm and Samsung even have U.S. factories. President Donald Trump has known as for extra chips and excessive expertise to be manufactured within the U.S.
The federal government’s stake would assist fund factories that Intel is at the moment constructing in Ohio, in response to the report.
Earlier this week, Intel CEO Lip-Bu Tan visited Trump within the White Home, a gathering that befell after the president had known as for Tan’s resignation primarily based on allegations he has ties to China.
Intel mentioned on the time that Tan is “deeply dedicated to advancing U.S. nationwide and financial safety pursuits.” An Intel consultant declined to remark about studies that the federal government is contemplating taking a stake within the firm.
“We stay up for persevering with our work with the Trump Administration to advance these shared priorities, however we’re not going to touch upon rumors or hypothesis,” the spokesperson mentioned.
Tan took over Intel earlier this yr after the chipmaker failed to realize important share in synthetic intelligence chips, whereas it was spending closely to construct its foundry enterprise, which manufactures chips for different firms.
Intel’s foundry enterprise has but to safe a serious buyer, which might be a important step in transferring in direction of growth and giving different potential prospects the arrogance to show to Intel for manufacturing.
In July, Tan mentioned that Intel was canceling plans for manufacturing websites in Germany and Poland and would decelerate growth in Ohio, including that spending on the chipmaker could be carefully scrutinized.
Underneath Trump, the U.S. authorities has more and more moved to place itself on the middle of offers in main industries. Final week, it mentioned it might take 15% of sure Nvidia and Superior Micro Units chip gross sales to China. The Pentagon purchased a $400 million fairness stake in rare-earth miner MP Supplies. It additionally took a “golden share” in U.S. Metal as a part of a deal to permit Nippon Metal to purchase the U.S. industrial large.
Intel shares at the moment are up 19% this yr after dropping 60% of their worth in 2024, the worst yr on document for the chipmaker.
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