US government plans to take a 10% stake in Intel

President Donald Trump told reporters on Friday that the US government planned 10% to participate in Intel. Bloomberg was first Report reportWhich pushed the semiconductor chip company stock more than 7%. Trump says Intel has agreed to the proposal.

Intel refused to comment.

The news is an important – and recently unstable – time comes for Intel. The CEO Lip-Boo Tan is currently reconstructing the chipmaker, shutting some departments, and the workers are surpassing the workers to focus on its original businesses and to catch rivals like Nvidia.

Early this month, Trump pushed Tan Resign Because of the conflict of interest. Tan later met with Trump to help the President with Trump and find ways to find ways to work together in the agency and government.

While talking to the White House Press Pool, Trump confessed to the resignation.

According to the comment on the press pool, Trump said “I was well said he should resign and he came in and he saw me that we had talked for a while. I liked him a lot.” “I thought he was very good.

Trump continued, “I said that I think it would be good to keep the United States of America as your partner.

The ownership of this national federal government of a large corporation will identify the dramatic exit from a long -lasting US policy. Government equity steaks in private companies are extremely rare and extremely controversial in the United States, a significant exception during the financial crisis of 20-21, when the government took temporary ownership partnerships in companies such as General Motors, AIG and several large banks.

The government systematically sold these parts to private investors for years.

Intel Agreement is expected to be announced after Friday, the Japanese Association’s softbank comes a few days after agreeing to make one $ 2 billion investment In Intel, the agreement was changed to the United States as promised in the United States as promised by advanced technology and semiconductor, agreed to buy Intel Common Stock at $ 23 per softbank share. On Friday afternoon Intel’s shares were trading about $ 25.

TechCrunch reached the White House for comment.