Inside Intel’s Tricky Dance With Trump

Wall Street Journal: “But the truce came with a cost: In return for Trump’s support, the administration proposed taking an equity stake in the company. It decided to convert nearly $9 billion in grants—promised to Intel as part of the 2022 Chips Act—into a 10% equity stake in the company, an unusual arrangement that makes the government Intel’s biggest shareholder.”

“The meeting was the pivot point in a frenzied period for Intel, once one of America’s most venerated technology companies, now stuck in a yearslong downward spiral. The company’s scramble to control the fallout from the president’s demand that Tan step down—triggered by a Fox Business Network segment—underscores the unpredictable environment major corporations face under Trump.”

CNBC: U.S. government takes 10% stake in Intel, as Trump expands control over private sector.