Trump Admin Mulls Buying Stake In Intel, Stock Soars

CNN reports:

The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times. Following a meeting between Trump and Intel CEO Lip-Bu Tan this week, Bloomberg reported that the two sides are discussing an unusual deal in which the government would pay for a stake in the company.

A White House-Intel deal wouldn’t be the first unusual arrangement the Trump administration has come to with an American firm in recent weeks. US chipmakers AMD and Nvidia this week agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for licenses to restart exports there, following meetings between Trump and Nvidia CEO Jensen Huang.

Read the full article. One day there will be a book about all the insiders tipped off before news like this broke.