Intel has had some trouble generating results for its shareholders lately, but the company may soon have another boss under its belt. The current administration is reportedly pushing to get the US government to take a stake in the chip maker. Bloomberg It initially reported the news without providing details on the size or value of the potential shares the government plans to buy. According to a recent report from Bloomberg AND New York TimesAs part of its efforts to boost domestic chip production, the Trump administration is considering acquiring a 10 percent stake in Intel.
The possibility of Intel becoming state-owned is the latest change in government attitudes toward the company. Days after President Donald Trump called for him to resign over his ties to China, he met with CEO Lip-Bu Tan and appeared to have a more positive attitude towards the company boss.
Bloomberg
This story has been updated with new reports that the Trump administration is seeking a 10% stake in Intel.