Intel will give U.S. government a 10% stake, Trump says
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While Grove's focused boldness worked, Tan's way forward must be more nuanced, balancing boldness with humility while resisting the urge to “fix” everything at once.
Intel CEO Lip-Bu Tan defended his integrity and vowed to continue leading the semiconductor company through a "critical moment."
Days after calling for Intel CEO Lip-Bu Tan to step down, President Donald Trump announced that the U.S. government will buy a 9.9% stake in the struggling chipmaker. The $8.9 billion purchase will be made under a new deal that turns federal grants into equity,
Intel Corporation's White House meeting could yield a defense-focused deal. Click here to find out why I rate INTC stock a Buy.
U.S. President Donald Trump today called on Intel Corp. Chief Executive Officer Lip-Bu Tan to resign. “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote in a post on his Truth Social social media platform. “There is no other solution to this problem. Thank you for your attention to this problem!”
Shares of Intel rose Monday as CEO Lip-Bu Tan visited the White House, drawing praise from President Trump just days after calls for his resignation.
Intel ( INTC) stock jumped more than 4% ahead of CEO Lip-Bu Tan’s reported visit to the White House after President Trump called for his resignation.
The following are some key investments and their connections to Chinese state entities Lip-Bu Tan has made through Walden International.
Now that Lip-Bu Tan has regained President Donald Trump's support, should investors turn bullish on Intel stock?
Under fire Intel Corp. Chief Executive Lip-Bu Tan is due to meet his fiercest new critic, U.S. President Donald Trump, at the White House today to discuss calls for his resignation over alleged “conflicts of interest” resulting from his ties to Chinese businesses.