Intel, Trump
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Trump, Putin and White House
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The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.
Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.
A breakup appears to be an option under consideration by Intel chairman Frank Yeary, who explored the idea before Tan was even hired, according to reporting by The Wall Street Journal. Tan seems to be resisting the idea of breaking off the company’s manufacturing business, but his ultimate stance remains unclear.
Shares of Intel are up in early morning trading on the heels of a report that the U.S. government is considering taking a stake in Intel.
6don MSN
Intel CEO to visit White House after Trump called for his ouster over alleged China ties: report
Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for his ouster over ties to China, according to a new report.
Intel CEO Lip-Bu Tan was due to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, a source familiar with the matter said.
Sticky inflation be damned. Investors expect the Federal Reserve to cut interest rates by a quarter of a percentage point in September.