As California becomes more dependent on tax revenue from the tech industry, its stake in the health of the artificial intelligence industry ha…
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President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China. The official announcement is expected to come later Friday, according to a White House official who was not authorized to speak publicly ahead of an announcement and spoke on condition of anonymity.
U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration's financial ties with major computer chip manufacturers and punctuate a dramatic about-face from the president's recent push to oust the company's CEO. The ambitions that Lutnick confirmed in a televised interview with CNBC came the day after various news outlets reported on the negotiations between the Trump administration and Intel. The talks come on the heels of a $2 billion investment that Japanese technology giant SoftBank Group announced late Monday.
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Tesla shares tumbled about 9% Friday on a report that CEO Elon Musk is considering laying off 10% of the company's workers, as well as new que…
COLUMBUS, Ohio (AP) — Ohio offered Intel Corp. incentives worth roughly $2 billion to secure a new $20 billion chipmaking factory that the com…
COLUMBUS, Ohio (AP) — Chipmaker Intel said Friday it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a gl…
SAN RAMON, Calif. (AP) — Apple is rolling out new Mac computers powered by the same kind of chips that run iPhones and iPads, a move aimed at …
SANTA CLARA, Calif. (AP) — Intel has revealed another hardware security flaw that could affects millions of machines around the world.
