Intel, Trump
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By Alexandra Alper WASHINGTON (Reuters) -Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump's plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel,
Sen. Rand Paul (R-Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward
President Donald Trump on Aug. 7 called for Intel CEO Lip Bu Tan to resign, accusing him of being “highly conflicted” over reported investments in Chinese semiconductor firms. The remarks, expressed via a post on his Truth Social network,
Tulsi Gabbard told President Trump before her nomination that she had come to peace with serving as last director of national intelligence if eliminating the post was necessary to permanently reforming the sprawling intelligence community.
From Intel to Nvidia, the Trump administration is rewriting the playbook on how the presidency interacts with American capitalism.
Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.
Trump's flip-flopping on Intel highlights the impact of politics on investor sentiment. New leadership, government investment and hedge fund bets suggest a major turnaround in store for Intel.
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