Bloomberg: ‘Trump Administration Said to Discuss Taking Stake in Intel’

Bloomberg:

The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.

A deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.

The talks come just a week after President Donald Trump had called for the ouster of Intel Chief Executive Officer Lip-Bu Tan, accusing him of being “highly conflicted” because of concerns about his earlier ties to China.

Bloomberg was first (this time), but the WSJ seconded the report shortly after.

No cause for alarm here. Just a bit of a sea change. The Republican Party has always been in favor of social ownership of the means of production. Just like we have always been at war with Eastasia. Sane steady leadership from our 80-year-old dear leader, who is definitely not succumbing rapidly to a dangerous mix of dementia, megalomania, and paranoia.

★ Thursday, 14 August 2025