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HomeBusinessIntel holds 10% stake after the White House CEO meeting

Intel holds 10% stake after the White House CEO meeting


White House may be ready to take one 10% stake in IntelAccording to Bloomberg, fueling the ongoing speculation.

This step will enhance national security and will carry forward more chipmaking in the US vs. Asia and other countries.

Langer Security Last Change Change %
commission Intel Corp. 23.66 -0.90

-3.66%

Intel’s stock slipped on Monday But this year has increased by 18%, fuel was given by reports of government investment reported earlier last week in advance. The shares for the week increased by 24% through last Friday, the best weekly performance since January 2000, as the Dow Jones Market Data Group was tracked.

The White House and Intel rejected the request of Fox Business to comment.

Trump resigns Intel’s CEO on alleged Chinese company relations

Intel CEO Lip-Bo Tan First Drew President Donald Trump’s After Trump urged to resign his relations with China.

“Intel’s CEOs are highly conflicting and should resign immediately. There is no other solution to the problem,” the President wrote on Truth Social.

President Donald Trump, Left and Intel CEO Lip-Bow Tan. (Getty Image / Fox News)

In later days, Tan defended the employees in a letter and then met Trump and his team at the White House, which inspired the President to change his tune.

Intel CEO Lip-Bo Tan. (Businesswire/Intel)

“I met Intel’s Mr. Lip-Bow Tan, as well as Commerce Secretary, Howard Lutnik, and Treasury Secretary, Scott Besant.

During an interview on the “Morning with Maria” of the Fox Business Network last week, former CEO Bob Nardelli, Christler and Home Depot weighed into a deal reports.

“I think this is another proof-positive example of how President Trump really refined the art of the deal. It is surprising what he has done in shaping the global economy,” he said.

Intel was under pressure from shareholders on failure to secure a change. The cost of the upheaval, the then-CEO Patrick Gellinger, who attended the State of the Union address of former President Joe Biden in 2022, his job in December 2024.

The then-Inteell CEO Pat Gailinger showed the then President Joe Biden a processor and semiconductor wafer during a visit on March 20, 2024 at the Intel Okotilo Campus in Chandler, Arizona. (Brendon Smiyalowski / AFP Getty Image / Getty Image)

Intel’s new CEO worked around the chip giant

Chipmaker was one of the largest beneficiaries of the Chips and Science Act. According to the company, Intel received $ 7.86 billion from the Biden administration to help the Fund “Arizona, New Mexico, Ohio and Oregan” in funds. The figure is lower than the initial $ 8.5 billion Federal Chips grant declared in March 2024.

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