Intel's CEO, Lip-Bu Tan, has discussed the stake taken by the US government in the company, claiming that it was a necessary step to ensure that the American chipmaker could compete with Taiwan's TSMC.
Intel's CEO Also Tells Specifics About His Meeting With President Trump, Calling It a Massive Success
Well, the interest from the Trump administration in Intel was indeed a surprise for many of us, but for CEO Lip-Bu Tan, this initiative was "good to have", as he claims that it is similar to how Taiwan supports TSMC or South Korea backs the likes of Samsung Foundry. In a report by DigiTimes, Intel's CEO recently spoke at the Future Investment Initiative in Saudi Arabia, where he admired the support of President Trump in driving operations of the US chipmaker. Tan also detailed his meeting with the Trump administration, which led to a 10% stake:
If you look at TSMC and Chartered Semiconductor, the government is a shareholder in those countries...and it's very important for the resilience of the supply chain.
- Intel's CEO Lip-Bu Tan
Tan also narrated the specifics of his meeting with President Trump, where he claimed to have plans to "make Intel great again." Intel's CEO focused on his tenure at Cadence and how he managed to bring in a " 100-times return to the shareholders". Apparently, President Trump was amazed to hear this, which eventually led the USG to gain a stake in the company. Speaking on the allegations against him regarding investments in China, Intel's CEO revealed that, back ten to twenty years ago, partnerships with Chinese firms were a common move among investors.
The stake acquisition by the USG has helped Intel tremendously in terms of strengthening its balance sheet and gaining interest from the likes of NVIDIA and SoftBank, which is why the firm has managed to see significant financial growth in recent months. Now, Intel's CEO, Lip-Bu Tan, is determined to take the firm back to its glory through two main strategies: investing in the AI segments in niches like "physical AI" and "agentic AI," and committing entirely to the foundry division.
It's interesting to see how optimistic Intel leadership is about the firm's recent moves, and it seems that under Tan, Team Blue is expected to make dramatic changes, ones that could help take the firm back to its glory.
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