US government plans to take a 10% stake in Intel

US government plans to take a 10% stake in Intel

The U.S. government plans to take a 10% stake in Intel, President Donald Trump told reporters Friday. Bloomberg was first to report the news, which pushed the semiconductor chip company’s stock up more than 7%. Trump said Intel has agreed to the proposal. Intel declined to comment. The news comes during a pivotal — and…

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SoftBank makes B investment in Intel

SoftBank makes $2B investment in Intel

Japanese conglomerate SoftBank has agreed to make a $2 billion investment in Intel in a deal described as a commitment to advanced technology and semiconductors in the United States. The agreement, in which SoftBank will buy Intel common stock, was announced Monday after markets closed. SoftBank will pay $23 per share of Intel common stock….

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Intel is spinning off its Network and Edge group

Intel is spinning off its Network and Edge group

Intel continues to streamline its business. The company plans to spin off its Network and Edge group, which is responsible for making chips for the telecom industry, as originally reported by CRN. Intel will be an anchor investor in the stand-alone business and will seek outside capital. Intel was rumored to be looking for a…

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US government plans to take a 10% stake in Intel

Intel continues to pull back on its manufacturing projects

Intel CEO Lip-Bu Tan is making progress on his plan for the company to shed its inefficiencies. And that includes spiking several manufacturing projects. The semiconductor giant reported Thursday in its second-quarter earnings report that it will delay, and in some cases not move forward with, multiple manufacturing projects. Specifically, Intel said it was no…

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A timeline of the US semiconductor market in 2025

A timeline of the US semiconductor market in 2025

It’s already been a tumultuous year for the U.S. semiconductor industry. The semiconductor industry plays a sizable role in the “AI race” that the U.S. seems determined to win, which is why this context is worth paying attention to: from Intel’s appointment of Lip-Bu Tan to CEO — who wasted no time getting to work…

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