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U.S. government takes 10% stake in Intel

news.ycombinator.com Kif Leswing 2025-11-01 02:01:52

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Commerce Secretary Howard Lutnick said on Friday that the U.S. government has taken a 10% stake in embattle chipmaker Intel, the Trump administration's latest effort to exert control over corporate America. Intel shares rose about 6% during trading on Friday. They were flat in extended trading. Intel, the only American company capable of making ad

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US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

theverge.com Emma Roth 2025-11-01 02:45:38

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. The US is investing $8.9 billion into Intel, but most of the funds come from money that the government was supposed to pay the embattled chipmaker anyway. In an announcement on Friday, Intel said the federal government will fund its investment using the remainin

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U.S. officially takes 10% stake in Intel

cnbc.com Kif Leswing 2025-11-01 06:42:28

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. White House officials previously told CNBC that Trump and Intel CEO Lip-Bu Tan will meet on Friday afternoon. Lutnick's post included a photo with Tan. "They've agreed to do it and I think it's a great deal for them," Trump told reporters Friday at the White House Earlier on Friday, President Donald Trump said the government should get about 10% o

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US government plans to take a 10% stake in Intel

techcrunch.com Kirsten Korosec 2025-11-01 10:14:36

The U.S. government plans to take a 10% stake in Intel, President Donald Trump told reporters Friday. Bloomberg was first to report the news, which pushed the semiconductor chip company’s stock up more than 7%. Trump said Intel has agreed to the proposal. Intel declined to comment. The news comes during a pivotal — and recently volatile — time for Intel. CEO Lip-Bu Tan is currently restructuring the chipmaker, shuttering certain divisions and laying off workers in a bid to focus on its core bu

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Intel stock rises as Trump says chipmaker has agreed to sell stake to government

cnbc.com Kif Leswing 2025-11-01 14:52:53

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Intel shares rose about 6% on Friday after Bloomberg reported that the Trump administration is poised to announce that the U.S. government will take an equity stake in the struggling chipmaker. Following the report, President Donald Trump said the government should get about 10% of the company, which has a market cap of just over $100 billion. "Th

Topics: chips company government intel said

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Trump says the US is taking a 10 percent stake in Intel

theverge.com Emma Roth 2025-11-01 14:39:55

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. President Donald Trump has confirmed that the US will take a 10 percent stake in Intel. During a press conference on Friday, Trump said Intel CEO Lip-Bu Tan agreed to give the government the stake, which is valued at around $10 billion. Earlier this month, Trump

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TikTok denies India comeback after reports of website going live

techcrunch.com Jagmeet Singh 2025-11-01 14:59:43

TikTok has not been unbanned in India, TechCrunch confirmed Friday, despite brief website access that sparked media reports of a possible comeback after more than five years. A TikTok spokesperson told TechCrunch that the Chinese-owned social media platform’s ban by the Indian government remains in place, and the short-video platform is not accessible in the country. “We have not restored access to TikTok in India and continue to comply with the Government of India’s directive,” the spokespers

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Trump is forming a 'National Design Studio' to spruce up government websites

engadget.com Unknown 2025-11-02 06:00:53

The Trump administration is forming a "National Design Studio," with the aim of improving government websites and the efficiency of digital services at federal agencies. Trump has already signed an executive order to create the studio. According to Reuters, the president will appoint Airbnb co-founder Joe Gebbia as the head of the new organization, which one of its sources described as a stripped-down version of the Department of Government Efficiency (DOGE). DOGE, which was once led by Elon Mu

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Deeply divided Supreme Court lets NIH grant terminations continue

arstechnica.com Unknown 2025-11-03 06:52:45

Shortly after the Trump Administration took office, it started cancelling grants for things it had disagreements with: funding for pandemic preparation, efforts to diversify the scientific workforce, those that targeted minority health issues, and more. These terminations were challenged in court, and a consolidate case was heard in the District of Massachusetts, pitting the government against individual researchers, organizations that represent them, and states that host research institutions.

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Google is selling a version of Gemini for government agencies

engadget.com Unknown 2025-11-04 02:42:21

Google has announced plans to sell a custom version of its Gemini AI models for government agencies. "Gemini for Government" includes access to existing tools like NotebookLM, and "Google-quality enterprise search, video and image generation capabilities." The AI platform is in direct competition with similar offerings from OpenAI, Anthropic and xAI. A big focus of Google's pitch for Gemini for Government is the idea of automating administrative tasks with AI agents. The company touts pre-built

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Trump Is Betting Big on Intel. Will the Chips Fall His Way?

wired.com Lauren Goode 2025-11-04 11:04:06

The US government is aiming to take an equity stake in Intel in exchange for grants the company was already committed to receive under the Biden era CHIPS Act, according to comments US commerce secretary Howard Lutnick made in an interview with CNBC. The move is part of the government’s efforts to boost US chip manufacturing. “We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration,” Lutnick said. “We’ll get equity in re

Topics: administration equity government intel steel

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Government Staffing Cuts Have Fueled an Ant-Smuggling Boom

wired.com Kate Knibbs 2025-11-08 16:30:00

It’s hard to keep track of all the ways that the United States has changed since Donald Trump returned to the White House in January. The nation’s foreign aid programs have been destroyed, chaotic tariff policies have upended global trade, and press freedom has been repeatedly attacked. But there are also innumerable smaller shifts taking place and incrementally warping day-to-day life. One involves some of the country’s tiniest inhabitants: ants. Sources tell WIRED that ant smugglers in the US

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French government demands answers over streamer's death

feeds.bbci.co.uk Unknown 2025-11-10 02:08:44

French government demands answers over streamer's death The French government has launched an investigation into the death of online personality Raphaël Graven, known as "Jean Pormanove", who died in his sleep aged 46. The streamer had been livestreaming on the platform Kick prior to his death according to French media reports. France's digital affairs and artificial intelligence (AI) minister Clara Chappaz wrote in a post on X on Tuesday Pormanove had been "humiliated" and "mistreated" durin

Topics: death french government pormanove streamer

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Staff disquiet as Alan Turing Institute faces identity crisis

news.ycombinator.com Dan Milmo 2025-11-08 08:18:58

When the UK government announced the creation of the Alan Turing Institute in 2014 it promised a “fitting memorial” to the renowned computer scientist and artificial intelligence pioneer. More than a decade on, Britain’s leading AI institute is in turmoil as staff warn it may be in danger of collapse and ministers demand a shift in focus to defence and security work. “The ATI brand is well recognised internationally,” says Dame Wendy Hall, a professor of computer science at the University of S

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Trump admin says it convinced UK to drop demand for Apple backdoor

arstechnica.com Unknown 2025-11-10 02:27:50

The UK has dropped its demand that Apple create a backdoor for government security officials to access encrypted data, according to US Director of National Intelligence Tulsi Gabbard. Gabbard wrote in a post on X last night that she has "been working closely with our partners in the UK... to ensure Americans' private data remains private and our Constitutional rights and civil liberties are protected. As a result, the UK has agreed to drop its mandate for Apple to provide a 'back door' that wou

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Trump administration reportedly weighs 10% stake in Intel via CHIPS Act grants, making government top shareholder

cnbc.com Dylan Butts 2025-11-10 06:03:22

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images The Trump administration is discussing taking a 10% stake in Intel , according to a Bloomberg report on Tuesday, in a deal that could see the U.S. government become the chipmaker's largest stakeholder. As part of a potential deal, the government is also considering converting some or all of Intel's grants f

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India’s government to propose blanket ban on real-money gaming

techcrunch.com Jagmeet Singh 2025-11-10 06:03:34

Real-money gaming companies are reeling as India moves to propose a blanket ban on their operations under a new legislation. The Indian government plans to prohibit real-money games — whether based on skill or chance — under its proposed online gaming regulation, per a draft seen by TechCrunch, which was also verified by three sources, including one consultant with the Indian IT ministry and two people working closely with the Indian government and real-money gaming companies. Proposed to be c

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NVIDIA is reportedly developing an AI chip for China more powerful than the H20

engadget.com Unknown 2025-11-10 21:30:57

NVIDIA is working on a new AI chip meant for the Chinese market that's more powerful than the H20, according to Reuters. It will reportedly be based on the company's latest Blackwell architecture, which can produce chips between seven and 30 times faster than its previous AI platform. Reuters says the product is tentatively named B30A and will have a single-die design, putting all its main components on a single piece of silicon. It will apparently be capable of half the computing power of NVIDI

Topics: chinese company government h20 nvidia

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Trump administration reportedly weighs 10% stake in Intel via Chip Act grants, making government top shareholder

cnbc.com Dylan Butts 2025-11-11 12:38:33

At the embattled chipmaker's current market value, a 10% stake would be worth roughly $10.4 billion. Meanwhile, Intel has been awarded about $10.9 billion in Chips Act grants, including $7.9 billion for commercial manufacturing and $3 billion for national security projects. As part of a potential deal, the government is also considering converting some or all of Intel's grants from the 2022 U.S. CHIPS and Science Act into equity in the company, the report said, citing a White House official and

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Intel shares jump as Softbank to buy $2bn stake in chip giant

feeds.bbci.co.uk Unknown 2025-11-11 14:06:02

Intel shares jump as Softbank to buy $2bn stake in chip giant The BBC has contacted the White House and Intel for comment. The potential deal , which was first reported last week, aims to help Intel build a flagship manufacturing hub in Ohio. At the time, a White House spokesman told the BBC that the reports "should be regarded as speculation" unless officially announced. The announcement came just hours after new reports that the Trump administration is in talks to take a stake of around 10%

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Elon Musk’s “thermonuclear” Media Matters lawsuit may be fizzling out

arstechnica.com Unknown 2025-11-12 10:42:08

Media Matters for America (MMFA)—a nonprofit that Elon Musk accused of sparking a supposedly illegal ad boycott on X—won its bid to block a sweeping Federal Trade Commission (FTC) probe that appeared to have rushed to silence Musk's foe without ever adequately explaining why the government needed to get involved. In her opinion granting MMFA's preliminary injunction, US District Judge Sparkle L. Sooknanan—a Joe Biden appointee—agreed that the FTC's probe was likely to be ruled as a retaliatory

Topics: ftc government mmfa musk sooknanan

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This Country Wants to Replace Its Corrupt Government With AI

futurism.com Unknown 2025-11-13 22:50:15

With so much buzzy tech floating around these days, it's only natural for national governments to experiment as well. For the past few years, the country of El Salvador's been experimenting with Bitcoin as legal tender, a woefully ineffective system that's had he opposite of its stated effects. In the United States, president Donald Trump is experimenting with a $500 billion AI infrastructure project, a massive campaign that's sat dormant for half a year. And in Albania, which is home to 2.7 m

Topics: ai albania albanian corruption government

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Government's Intel intervention is 'essential' for national security, tech analyst says

cnbc.com Annie Palmer 2025-11-15 15:43:39

A government intervention in struggling chipmaker Intel is "essential" for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company. "We're all capitalists," Luria, head of technology research at D.A. Davidson, said in an interview with CNBC's "Squawk Box." "We don't want government to intervene and own private enterprise, but this is national security." Bloomberg reported Thursday that the Trump ad

Topics: government intel luria said trump

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New Bitcoin Purchases by the U.S. Government Still on the Table, Bessent Says

gizmodo.com Matt Novak 2025-11-16 00:20:58

Bitcoin recently hit an all-time high of $124,400 and is up 93% from over a year ago. But fans of the cryptocurrency think it can go even higher, and those folks experienced a rollercoaster of emotions on Thursday after Scott Bessent gave conflicting signals about what the U.S. government had planned for the world’s most popular cryptocurrency. Initially, Bessent disappointed Bitcoin fans Thursday morning when he said the U.S. government’s so-called strategic Bitcoin reserve, first announced by

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US government agency drops Grok after MechaHitler backlash, report says

arstechnica.com Unknown 2025-11-16 18:11:06

xAI apparently lost a government contract after a tweak to Grok's prompting triggered an antisemitic meltdown where the chatbot praised Hitler and declared itself MechaHitler last month. Despite the scandal, xAI announced that its products would soon be available for federal workers to purchase through the General Services Administration. At the time, xAI claimed this was an "important milestone" for its government business. But Wired reviewed emails and spoke to government insiders, which rev

Topics: ai government grok gsa xai

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US government is reportedly in discussions to take stake in Intel

techcrunch.com Rebecca Szkutak 2025-11-16 23:38:20

In Brief The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week after President Donald Trump insisted that Intel CEO Lip-Bu Tan resign because of perceived conflicts of interest. While Trump di

Topics: administration government intel tan trump

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Intel stock climbs 7% on report Trump administration is considering stake in chipmaker

cnbc.com Kif Leswing 2025-11-17 05:12:15

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Intel shares rose 7% on Thursday after Bloomberg reported that the Trump administration is in talks with the chipmaker to have the U.S. government take a stake in the struggling company. Intel is the only U.S. company with the capability to manufacture the fastest chips on U.S. shores, although rivals including Taiwan Semiconductor Manufacturing Co

Topics: chipmaker government intel tan trump

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U.S. government is reportedly in discussions to take stake in Intel

techcrunch.com Rebecca Szkutak 2025-11-17 05:38:20

In Brief The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week after President Donald Trump insisted that Intel CEO Lip-Bu Tan resign because of perceived conflicts of interest. While Trump

Topics: administration government intel tan trump

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Funding Open Source like public infrastructure

news.ycombinator.com Dries Buytaert 2025-11-19 03:24:17

To protect the digital foundation of essential government services, governments should invest in Open Source as public infrastructure and shift from consumption to contribution. Fifteen years ago, I laid out a theory about the future of Open Source. In The Commercialization of a Volunteer-Driven Open Source Project, I argued that if Open Source was going to thrive, people had to get paid to work on it. At the time, the idea was controversial. Many feared money would corrupt the spirit of volunt

Topics: governments infrastructure open public source

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Economic woes dominate as Bolivia prepares to go to the polls

feeds.bbci.co.uk Unknown 2025-11-19 10:29:33

Economic woes dominate as Bolivia prepares to go to the polls 32 minutes ago Share Save Jane Chambers Business reporter Reporting from El Alto, Bolivia Share Save Getty Images Higher food and fuel prices have led to street protests across Bolivia this year As Bolivians prepare to vote in a general election, the country's deep economic woes are the central issue. Whoever becomes the nation's next president faces a very difficult job to try to sort out the mess. El Alto is Bolivia's second-larg

Topics: bolivia country food government prices

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Latest Tech News

U.S. government takes 10% stake in Intel

US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

U.S. officially takes 10% stake in Intel

US government plans to take a 10% stake in Intel

Intel stock rises as Trump says chipmaker has agreed to sell stake to government

Trump says the US is taking a 10 percent stake in Intel

TikTok denies India comeback after reports of website going live

Trump is forming a 'National Design Studio' to spruce up government websites

Deeply divided Supreme Court lets NIH grant terminations continue

Google is selling a version of Gemini for government agencies

Trump Is Betting Big on Intel. Will the Chips Fall His Way?

Government Staffing Cuts Have Fueled an Ant-Smuggling Boom

French government demands answers over streamer's death

Staff disquiet as Alan Turing Institute faces identity crisis

Trump admin says it convinced UK to drop demand for Apple backdoor

Trump administration reportedly weighs 10% stake in Intel via CHIPS Act grants, making government top shareholder

India’s government to propose blanket ban on real-money gaming

NVIDIA is reportedly developing an AI chip for China more powerful than the H20

Trump administration reportedly weighs 10% stake in Intel via Chip Act grants, making government top shareholder

Intel shares jump as Softbank to buy $2bn stake in chip giant

Elon Musk’s “thermonuclear” Media Matters lawsuit may be fizzling out

This Country Wants to Replace Its Corrupt Government With AI

Government's Intel intervention is 'essential' for national security, tech analyst says

New Bitcoin Purchases by the U.S. Government Still on the Table, Bessent Says

US government agency drops Grok after MechaHitler backlash, report says

US government is reportedly in discussions to take stake in Intel

Intel stock climbs 7% on report Trump administration is considering stake in chipmaker

U.S. government is reportedly in discussions to take stake in Intel

Funding Open Source like public infrastructure

Economic woes dominate as Bolivia prepares to go to the polls

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