Former CEO of Chrysler and Home Depot Bob Nardelli praises President Donald Trump’s daring economic game as the Witse Dollar asset sales of the White House, confronts the Chinese Chinese tires of Intel and tackles the housing crisis on ‘Mornings with Maria.’
The White House may be ready to take a 10% interest in Intel, so that the current speculation is fueled, an investment is hammered, according to Bloomberg.
The move would strengthen national security and make more chips in the US versus Asia and other countries.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| Intc | Intel Corp. | 23.66 | -0.90 |
-3.66% |
The shares of Intel went out on Monday, but this year won 18%, whereby part of the progress was fed by reports of a government investment that was first reported last week. Shares rose 24% for the week up to and including last Friday, the best weekly performance since January 2000, as followed by Dow Jones Market Data Group.
Trump requires CEO of Intel to resign about alleged Chinese company straps
Intel CEO Lip-Bu Tan pulled the anger of President Donald Trump for the first time after Trump encouraged him to resign about his ties with China.
“The CEO of Intel is very conflict and has to resign immediately. There is no other solution to this problem,” the president wrote about Truth Social.
In the following days, Tan defended himself in a letter to employees and then met Trump and his team in the White House that the president led to change his number.
Intel CEO LIP-BU TAN. (Businesswire/Intel)
“I with with Mr. Lip-Bu Tan, or Intel, Along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent. The Meeting was a very interesting one. His success and rise is an amazing Story. Bring Suggestions to me duration the next week, “it wrote on truth social.
“I think it is a different evidence-positive example of how President Trump really refined the art of the deal. It is just surprising what he has done to reform the world economy,” he said.
Intel had been under pressure from shareholders about the absence to secure a change. The unrest then cost CEO Patrick Gelsinger, who in 2022, his job of the State of the Union speech by the former President Joe Biden, attended in December 2024.
Then Pat Gelsinger Pat Gelsinger shows the then President Joe Biden a processor and semiconductor waffer during a tour on Intel Ocotillo-Campus in Chandler, Arizona, on March 20, 2024. (Brendan Smialowski / AFP via Getty Images / Getty images)
Intel’s new CEO has the task of turning the chip giant
The chip maker was one of the greatest beneficiaries of the Chips and Science Act. Intel received $ 7.86 billion from the BIDEN administration to help finance “commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon,” the company said. The figure is lower than the provisional federal chips fair of $ 8.5 billion announced in March 2024.
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