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Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

arstechnica.com

Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

Intel apparently had fewer reservations, but so far, the company has not commented on Trump's announcement. The New York Times noted that Intel's board will likely need to approve the deal—the terms of which Trump has yet to disclose. And that approval may not come if Intel's shareholders are worried the deal may be illegal, NYT reported. They may also be concerned that the US's stake could disrupt Intel's or its rivals' businesses. Critics have suggested the plan could possibly hurt the economy or US tech leadership in the long run if the US meddles too much in private tech companies.

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