US government reportedly in talks to take stake in Intel

Intel’s stock spiked late in trading today after reports that the Trump administration is in talks to take a stake in the company. The news follows Trump’s recent call for the ouster of CEO Lip-Bu Tan and a subsequent meeting between the two.

Following deals with Nvidia and AMD, Trump now eyes Intel

As reported by Bloomberg, the Trump administration is in discussions to take a stake in Intel, in a bid to “help shore up Intel’s planned factory hub in Ohio,” which was once…