From ‘resign now’ to $9bn backing: Intel CEO’s Oval Office pitch

Published 5 hours ago
Source: timesofindia.indiatimes.com
From ‘resign now’ to $9bn backing: Intel CEO’s Oval Office pitch
Donald Trump's demand for Intel CEO Lip-Bu Tan's resignation over China ties dramatically shifted after a pivotal Oval Office meeting. Tan secured an $8.9 billion government investment, transforming Intel into a "too-strategic-to-fail" company, with the US taking a 9.9% stake in exchange for CHIPS Act funding.