US President Donald Trump. Image US President Donald Trump said on Friday that the US would take a 10% stake in Intel under a deal with the struggling chip maker that converts government grants into an equity share, the latest extraordinary intervention by the White House in corporate America. The deal puts Trump on better…
Intel CEO Lip-Bu Tan. Japanese-based multinational conglomerate SoftBank and US-based chipmaker Intel have signed a definitive securities purchase agreement, under which SoftBank will make a $2 billion investment in Intel common stock. In a joint statement, the organisations say the investment comes as they deepen their commitment to investing in advanced technology and semiconductor innovation…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters The Trump administration is in talks with Intel to have the US government potentially take a stake in the struggling chip maker, Bloomberg News reported on Thursday, citing people familiar with the plan. Such a move would mark another intervention by US President Donald Trump in industries seen as…
US President Donald Trump Intel CEO Lip-Bu Tan is already facing an uphill battle in turning around the ailing chip maker. Now US President Donald Trump’s demand that Tan resign over his ties to Chinese firms will only distract him from that task, two investors and a former senior employee said. Trump said on Thursday…
Intel CEO Lip-Bu Tan. Anna Wang/Reuters US President Donald Trump called for the immediate resignation of Intel’s new CEO, Lip-Bu Tan, saying he was “highly conflicted” after questions arose about his ties to Chinese firms and sparking doubts over the future of the American chip-making icon. “There is no other solution to this problem,” Trump…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip-Bu Tan presented a blueprint for a more cost-disciplined, streamlined chip maker that would issue “no more blank cheques”. The job cuts —…
The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty Images Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel’s new CEO is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter have said, in what is a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what Intel calls its “foundry” business would…
An initial classified assessment found the U.S. strikes on Iranian nuclear facilities set back Tehran’s nuclear program by a matter of months, according to three sources familiar with its contents. The assessment, produced by the Defense Intelligence Agency, the Pentagon’s military intelligence wing, said the strikes caused the entrances to two nuclear enrichment facilities, including…
