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1h ago

Trump Administration Explores Equity Stake in Intel

Intel’s cost-cutting overhaul has included a 15% workforce reduction, a pause on planned fabs, a shift to customer-funded advanced-node investments.

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Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. President Donald Trump said members of his Cabinet would continue discussions with Tan in the coming days after meeting with the Intel Corp. chief executive officer at the White House on Monday. Photographer: Alex Wroblewski/Bloomberg via Getty Images
The Intel logo on a sign in front of Intel headquarters on July 16 in Santa Clara, California.
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Overview

  • Bloomberg reported that the Trump administration is in talks to acquire a government stake in Intel to help fund its Ohio fabrication campus, triggering a 7% surge in the stock price.
  • Intel has notified employees of a 15% headcount reduction, cutting its workforce to around 75,000 as part of broader financial discipline measures.
  • The company has halted plans for new fabs in Germany and Poland, slowed Ohio construction, and tied its Intel 14A process investments to confirmed customer commitments.
  • CEO Lip-Bu Tan continues to face political scrutiny following Senator Tom Cotton’s letter over his China investments and President Trump’s public resignation demand, despite an Aug. 11 White House meeting described by Intel as "candid and constructive."
  • Former CEO Craig Barrett published an op-ed proposing that eight major Intel customers each invest $5 billion for a combined $40 billion rescue fund and urged tariffs on advanced-chip imports to spur U.S. manufacturing support.