The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week…
The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 473 points, or 1.1%,…
Intel issued a conciliatory statement Monday following CEO Lip-Bu Tan‘s White House visit, emphasizing the company’s commitment to American technology leadership after President Trump‘s recent call for the executive’s resignation over alleged China ties.“Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel’s commitment to…
Tilray (TLRY) stock rose another 10% in premarket trading on Tuesday after soaring 41% on Monday amid speculation that President Trump may move to reclassify marijuana as a less dangerous drug. The Canadian cannabis company traded hands at over $1 per share for the first time since February. Despite a 60% gain in the past…
President Donald Trump recently took aim at Intel’s leadership, seeking the immediate resignation of company’s new CEO Lip-Bu Tan citing his “highly conflicted” ties to Chinese firms. This marks a rare instance of a president attempting to dictate who leads a private company, though Trump has a history of publicly voicing his complaints about corporate…
The tech giant’s board-approved strategies reveal how legal corporate behavior can undermine national security. Observer Labs America’s geopolitical future increasingly hinges on private technology, and corporations wield influence once reserved for nation-states. Few cases better illustrate the risks of outdated governance standards than Intel—once a national champion, now at the center of a high-stakes global…
Intel CEO Lip-Bu Tan is responding to President Trump’s call for him to resign over alleged conflicts related to his ties to Chinese businesses, saying he wants to clear up “a lot of misinformation.” Tan, who became Intel’s CEO in March, defended himself in a letter addressed to employees and released publicly on Thursday. Mr. Trump on Thursday…
Intel chief executive Lip-Bu Tan, who took the role of CEO in March, has been asked to resign by U.S. President Donald Trump. The ultimatum comes a day after U.S. Republican Senator Tom Cotton sent a letter to Intel’s board chair with questions about Malaysia-born tech industry veteran Tan’s ties to Chinese firms and a…
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Intel warned investors on Thursday that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories. New CEO Lip-Bu Tan said on Thursday the company’s engineers were busy working with customers…
By Max A. Cherney, Jeffrey Dastin and Stephen Nellis SAN FRANCISCO (Reuters) -Intel’s (INTC) new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what…