US may purchase stake in Intel after Trump attacked CEO

Donald Trump has been meddling with Intel, which now apparently includes mulling “the possibility of the US government taking a financial stake in the troubled chip maker,” The Wall Street Journal reported.

Trump and Intel CEO Lip-Bu Tan weighed the option during a meeting on Monday at the White House, people familiar with the matter told WSJ. These talks have only just begun—with Intel branding them a rumor—and sources told the WSJ that Trump has yet to iron out how the potential arrangement might work.

The WSJ’s report comes after Trump called for Tan to “resign immediately” last week. Trump’s demand was seemingly spurred by a letter that Republican senator Tom Cotton sent to Intel, accusing Tan of having “concerning” ties to the Chinese Communist Party.

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