It is thought the investment could help secure the planned Ohio fab site which had been delayed while the company sorted out its finances. Ohio is the home state of US vice president JD Vance and voted Republican in the last three Presidential elections.
Intel said it is “deeply committed to supporting President Trump’s efforts to strengthen US technology and manufacturing leadership. We look forward to continuing our work with the Trump administration to advance these shared priorities, but we are not going to comment on rumours or speculation.”
It is thought that the plan for the government to invest in Intel arose from the meeting which CEO Lip-bu Tan, had with President Trump last Friday. That meeting was called after the president demanded Tan’s removal. Under this new plan, Tan will likely remain as CEO.
Once before, when Intel fell on hard times, the company was bailed out by a big investor. That was in 1982 when IBM paid $250 million for a 12% stake in Intel.
