Intel has tightened its ties with the current US administration, appointing an economic advisor to President Trump as its new head of government affairs, as reported by Reuters. On top of that, it has installed Lip-Bu Tan associate, Jason Chew, as head of what must be the newly created position of "Intel Government Technologies," to oversee the company's business dealings with the US government.
Intel's relationship with President Trump and his administration has been a rollercoaster this past year. It seemed earlier this year that the President would pressure Intel to release its new CEO, but Lip-Bu Tan seems to have won Trump over after a personal meeting between the pair, and ultimately decided the US government would take a 10% stake in Intel. Since then, the company's stock price has soared, and it's received further investments from Nvidia.
