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Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

arstechnica.com Unknown 2025-10-30 19:14:14

Intel has agreed to sell the US a 10 percent stake in the company, Donald Trump announced at a news conference Friday. The US stake is worth $10 billion, Trump said, confirming that the deal was inked following his talks with Intel CEO Lip-Bu Tan. Trump had previously called for Tan to resign, accusing the CEO of having "concerning" ties to the Chinese Communist Party. During their meeting, the president claimed that Tan "walked in wanting to keep his job and he ended up giving us $10 billion

Topics: 10 agreed intel tan trump
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Trade war truce between US and China is back on

arstechnica.com Unknown 2026-03-17 17:18:48

Donald Trump has said the US and China’s deal to restore their trade war truce is “done” after two days of marathon negotiations in London. In a post on his Truth Social network on Wednesday the US president hailed a breakthrough reached in bilateral talks in London late the night before. The deal revived a trade truce agreed in Geneva last month that subsequently faltered because of differences over Chinese rare earth exports and US export controls. “OUR DEAL WITH CHINA IS DONE, SUBJECT TO F

Topics: agreed china london president trump
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