Intel is struggling to provide results for its shareholders, but the company can respond to an extra boss soon. The current administration is reportedly in talks to put the US government at stake in a quiet maker. No details have been revealed about the size or price of potential shares in the company, but it seems that Intel’s manufacturing footprint is being focused in the United States. Bloomberg Earlier, the news reported, but at least one source warned of the publication that the situation was still in the flow.
Intel initially shared plans to construct a semiconductor facility in Ohio in 2022, while Pete Jillnagar was still under the company’s patronage. Since then, the project has been delayed, and in its latest quarter -revenue report, the executive said that Intel Ohio will “slow down” on the construction of Ohio, as well as to eliminate other international construction projects and deduct manpower.
The possibility of Intel’s government ownership is the latest swing of the administration’s Ravi Atija. A few days after demanding to resign from China’s contacts, President Donald Trump met with CEO Ho Lip-Bo Tan and seems to have a more positive view of the company leader.
Intel’s representative told Bloomberg In a statement that the company is deeply committed to supporting President Trump’s efforts to strengthen US technology and manufacturing leadership. We look forward to continuing our work with the Trump administration to advance these common priorities, but we will not comment on rumors or speculations.
