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Trump says Intel has agreed to give US government a 10% stake
Unprecedented deal comes after president demanded CEO Lip-Bu Tan to resign over his ties to Chinese firms The US government has taken an unprecedented 10% stake in Intel under a deal with the struggling chipmaker and is planning more such moves, according to Donald Trump and the commerce secretary, Howard Lutnick, the latest extraordinary intervention…
White House launches official TikTok account after Trump vowed ban in 2020
US president was concerned over app’s Chinese ownership, but has softened after believing it won him 2024 election The White House launched an official TikTok account on Tuesday, as Donald Trump continues to permit the Chinese-owned platform to operate in the US despite a law requiring its sale. “America we are BACK! What’s up TikTok?”…
Intel shares jump after report says Trump administration looking at stake
Market value passes $104bn despite White House saying claims of talks to invest in factories are ‘speculation’ Shares in Intel have jumped 7.4% after it was reported that the Trump administration is considering taking a stake in the struggling US chipmaker. The potential investment, which would be paid for by the US government, would be…
Trump sparks concern after suggesting he might allow sales of Nvidia’s advanced AI chips in China
President says he could make deal for Nvidia to sell downgraded version of Blackwell chip in China but expert warns that could help Beijing compete in AI Donald Trump has flagged allowing Nvidia to sell chips in China that are more advanced than currently allowed, in another “deal” that would loosen export restrictions despite deep-seated…
Trump administration launching health tracking system with big tech’s help
Initiative involving Americans’ personal data on systems run by private firms has ‘enormous concerns’, say experts The Trump administration is pushing an initiative for millions of Americans to upload personal health data and medical records on new apps and systems run by private tech companies, promising easier to access health records and wellness monitoring. Donald…