According to a high-positioned source of Reuters, the Trump administration is unlikely to approve a foreign company managing Intel's U.S. semiconductor manufacturing facilities to run. The comment was made about Intel's reported engagement with TSMC. Although the new U.S. government supports foreign investment in American industrial might and science innovation, it wants U.S. companies to remain American.
"President Donald Trump's administration may not support Intel's U.S. chip factories being operated by a foreign entity," a White House official told Reuters. While foreign investment in domestic manufacturing is encouraged, the White House prefers that Intel's fabs remain under American control.
