The U.S. government is reportedly in talks to acquire a stake in semiconductor giant Intel, according to Bloomberg. The move is aimed at accelerating Intel’s domestic manufacturing plans, including the company’s delayed Ohio chip factory.
This development comes days after President Donald Trump called for Intel CEO Lip-Bu Tan’s resignation over perceived conflicts of interest, following a letter from Republican Sen. Tom Cotton questioning Tan’s alleged ties to China.
Tan met with Trump administration officials on August 11 to address these concerns and discuss ways Intel could work more closely with the government. Sources say that meeting sparked the discussions about a potential government stake.
While Intel declined to comment directly on the talks, the company issued a statement affirming its commitment to supporting Trump’s efforts to strengthen U.S. technology and manufacturing. “We look forward to continuing our work with the Trump Administration to advance these shared priorities, but we are not going to comment on rumors or speculation,” a spokesperson said.
