Trump confirms US government’s 10% stake in Intel, stock climbs

After hinting at it earlier this week, President Trump confirmed today during a World Cup press briefing, that the U.S. government will take a 10% stake in Intel, capping a pretty eventful two-week stretch. Here’s how that happened.

A bit of context

Two weeks ago, Trump called for Intel CEO Lip-Bu Tan’s resignation due to “highly CONFLICTED” ties with China: before joining Intel, Tan led Cadence Design, a firm that recently pleaded guilty to an investigation by the Justice…