Trump says he should've asked for 'more' of Intel when negotiating stake with CEO
President Trump expressed regret for not negotiating a larger stake in Intel during a recent interview. He claimed that if he had been in office to protect Intel with tariffs, the company would have been much larger and more successful. Trump's comments come as Intel's stock has significantly increased following a government investment and renewed demand for its products.
- ▪Trump stated he should have asked for a bigger stake in Intel during negotiations.
- ▪Intel's stock has increased by more than 300% since the U.S. government took a stake in the company.
- ▪Bank of America predicts the CPU market could more than double by 2030.
Opening excerpt (first ~120 words) tap to expand
U.S. President Donald Trump has said he should have asked for a bigger stake in chipmaker Intel, nine months on from a landmark deal that saw the U.S. government take a 9.9% holding in the company. Describing his interaction with Intel CEO Lip-Bu Tan, Trump told Fortune in an interview published Monday that he asked for "10% ownership for free" of the company, Tan replied "you have a deal," and the president said: "S---, I should have asked for more."Trump also told the magazine that Intel would be "the biggest company in the world right now," if he had been in office to protect it with tariffs, "when all these companies started sending their chips in from China.""Intel would have all that business now, and there would be no Taiwan," he added, referring to TSMC, the Taiwan-based…
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