U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money - which the struggling chipmaker was slated to receive anyway under a federal funding act - will not be enough for its contract-chipmaking business to flourish,

President Donald Trump on Friday morning took a surprise trip to "The People's House" -- a museum about the White House and its inhabitants. Earlier Friday, federal agents were se

Days after calling for Intel CEO Lip-Bu Tan to step down, President Donald Trump announced that the U.S. government will buy a 9.9% stake in the struggling chipmaker. The $8.9 billion purchase will be made under a new deal that turns federal grants into equity,

The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.

Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump's plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel, into government stakes in the companies.

Trump has a newfound taste for state involvement in the private sector. It’s a palette Sanders has long enjoyed.

The White House is pushing for a stake in embattled chipmaker Intel after making deals with Nvidia and AMD to sell chips to China for a 15% cut.