Trump declared at a press conference on Friday that the agreement on this matter was reached during negotiations with the president of Intel Lip-Bu Tan last week. “I told him:” I think it would be good if the United States had been to your partner. “He agreed and determined that we would do it,” he said.
On his part, Tan issued a statement in which he wrote: “We are grateful for the trust of the president and administration in Intel and with joy we will work on strengthening American technology and US production leadership.”
Intel's share price increased by over 6 percent. After providing information about the transaction.
Lip-Bu Tan took over the reins over Intel in March, receiving the task of restoring the company-once a leader among chip producers-on the development path. The concern has recently decided to cancel the construction of factories in Poland and Germany, considering that it has been rebuked.
Intel has contracts with the Pentagon and is the greatest beneficiary of subsidies due to megaust chips act adopted as the previous President Joe Biden. The act was aimed at revitalizing the American production of semiconductors; Intel received $ 10.86 billion on this basis.
Intel was founded in 1968. It was a pioneering company producing more and more efficient chips every year, thanks to which the Silicon Valley became the foundation of the American industry of advanced technologies. Intel, however, missed several innovative revolutions, including those associated with smartphones and artificial intelligence, allowing other chip producers to form forward, e.g. Nvidia – he reminded “New York Times”.
