It's been a confusing couple of weeks regarding the US governments position on Intel. President Trump heavily criticised its new CEO, Lip-Bu Tan last week, calling for his resignation, before changing his mind after a face-to-face meeting mere days later and singing his praises instead. Now Bloomberg is reporting that sources have said the Trump administration is in talks with Intel to take a stake in the company, and the chipmaker's share price appears to have bounced as a result.
According to its sources, Bloomberg says that the plans stemmed from the earlier meeting between Trump and Tan, which appears to have gone so well that he's now interested in using US government funds to pay for the stake. No final deal is said to have been made, but it's a surprising turn around from Trump's previously-voiced opinions that Intel's new CEO was "highly conflicted" in regards to his ties to Chinese firms.
