US President Donald Trump just shook up Big Tech by announcing a deal with Intel CEO Lip-Bu Tan: the US government will get a 10% stake in Intel, valued at around $10 billion. 🤯 This move marks one of the biggest federal interventions in a private company since the 2008 auto bailouts.
Why does it matter? Chips power everything we do—from scrolling through Instagram Reels to mobile payments on GCash or GoPay. By taking partial ownership, the US hopes to supercharge domestic semiconductor manufacturing and keep Intel competitive against giants in the Taiwan region and the ROK. 🏭🚀
Trump calls it a “great deal” for both sides, aiming to revitalize Intel after it fell behind in the chip race. Critics, however, wonder how government ownership will influence Intel’s strategy and whether this sets a new precedent for state intervention in private tech.
What’s next? Trump hinted at more deals in critical industries—think EV batteries or AI startups. Could we see similar stakes in your favourite tech brands? Keep your notifications on, because the tech-policy landscape is heating up. 🔥📱
Reference(s):
cgtn.com
