The Trump administration continues to interfere with semiconductor giant Inter.
A report from Bloomberg said the US government is reportedly being debated to acquire shares in Intel. The deal will be structured to help expand US manufacturing activities, including the very late Ohio Chip Factory.
The news is less than a week after President Donald Trump claimed that Intel CEO Lip-Bu Tan resigned because he recognized a conflict of interest. Trump did not provide a reason, but this comes after Republican US Sen. Tom Cotton asked Intel’s board about its ties with China.
Tan met with the Trump administration on August 11th to quell the administration’s fears and find a way for the company to work with the government. According to Bloomberg, the meeting sparked a debate that the US government is investing directly in the company.
Inter declined to comment.
“Intel is deeply committed to supporting President Trump’s efforts to strengthen U.S. technology and manufacturing leadership,” an Intel spokesperson said in a statement. “We look forward to continuing our work with the Trump administration to advance these shared priorities, but we are not going to comment on rumors or speculation.”
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