The Trump administration is in preliminary discussions to acquire an equity stake in former Apple chip supplier Intel, a move aimed at accelerating the company’s delayed manufacturing expansion in Ohio (via Bloomberg).
The proposal reportedly emerged following a meeting at the White House between President Donald Trump and Intel CEO Lip-Bu Tan. The discussions remain at an early stage, and no agreement has been finalized.
Intel’s Ohio project was once touted as the world’s largest chipmaking facility, but has since faced repeated delays. Production is now scheduled to begin in the next decade. The company has announced major cost reductions, including a 15% workforce cut and the cancellation of planned factories in Germany and Poland.
Read more at MacRumors.com