Intel will give U.S. government a 10% stake, Trump says
Digest more
Days after calling for Intel CEO Lip-Bu Tan to step down, President Donald Trump announced that the U.S. government will buy a 9.9% stake in the struggling chipmaker. The $8.9 billion purchase will be made under a new deal that turns federal grants into equity,
While Grove's focused boldness worked, Tan's way forward must be more nuanced, balancing boldness with humility while resisting the urge to “fix” everything at once.
Intel CEO Lip-Bu Tan defended his integrity and vowed to continue leading the semiconductor company through a "critical moment."
Intel Corporation's White House meeting could yield a defense-focused deal. Click here to find out why I rate INTC stock a Buy.
Shares of Intel surged following a report CEO Lip-Bu Tan will visit the White House after President Trump called for his resignation last week.
Following a recent meeting at the White House, President Donald Trump seems to have completely changed his stance on Intel CEO Lip-Bu Tan.
Now that Lip-Bu Tan has regained President Donald Trump's support, should investors turn bullish on Intel stock?
The following are some key investments and their connections to Chinese state entities Lip-Bu Tan has made through Walden International.
Under fire Intel Corp. Chief Executive Lip-Bu Tan is due to meet his fiercest new critic, U.S. President Donald Trump, at the White House today to discuss calls for his resignation over alleged “conflicts of interest” resulting from his ties to Chinese businesses.
Intel stock jumped more than 3% in premarket trading on Tuesday after CEO Lip-Bu Tan met with President Trump, who had called for Tan's resignation last week. After the meeting, T