Former Chrysler and Dwelling Depot CEO Bob Nardelli praises President Donald Trump’s daring financial play because the White Home eyes billion-dollar asset gross sales, confronts Intel’s China ties and tackles the housing disaster all on ‘Mornings with Maria.’
The White Home could also be able to take a ten% stake in Intel, fueling ongoing hypothesis an funding is being hammered out, in response to Bloomberg.
The transfer would shore up nationwide safety and advance extra chipmaking within the U.S. vs. Asia and different nations.
Ticker Safety Final Change Change % INTC INTEL CORP. 23.66 -0.90
-3.66%
Intel’s inventory slipped on Monday however has gained 18% this yr, with among the advance being fueled by studies of a authorities funding first reported final week. Shares rose 24% for the week by means of final Friday, the perfect weekly efficiency since January 2000, as tracked by Dow Jones Market Knowledge Group.
The White Home and Intel declined FOX Enterprise’ request for remark.
TRUMP DEMANDS INTEL CEO RESIGN OVER ALLEGED CHINESE COMPANY TIES
Intel CEO Lip-Bu Tan first drew President Donald Trump’s ire after Trump urged him to resign over his ties to China.
“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem,” the president wrote on Fact Social.
Within the days following, Tan defended himself in a letter to staff after which met with Trump and his workforce on the White Home, which prompted the president to alter his tune.
Intel CEO Lip-Bu Tan. (Businesswire/Intel)
“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent. The meeting was a very interesting one. His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together and bring suggestions to me during the next week,” he wrote on Fact Social.
Throughout an interview on FOX Enterprise Community’s “Mornings with Maria” final week, Bob Nardelli, the previous CEO of Chrysler and Dwelling Depot, weighed in on studies of a deal.
“I think it’s another proof-positive example of how President Trump has really refined the art of the deal. It’s just amazing what he has done in reshaping the global economy,” he stated.
Intel had been below stress from shareholders over its failure to safe a turnaround. The turmoil value then-CEO Patrick Gelsinger, who attended former President Joe Biden’s State of the Union deal with in 2022, his job in December 2024.
Then-Intel CEO Pat Gelsinger reveals then-President Joe Biden a processor and semiconductor wafer throughout a tour at Intel Ocotillo Campus in Chandler, Arizona, on March 20, 2024. (BRENDAN SMIALOWSKI/AFP by way of Getty Photographs / Getty Photographs)
INTEL’S NEW CEO TASKED WITH TURNING AROUND THE CHIP GIANT
The chipmaker was one of many greatest beneficiaries of the CHIPS and Science Act. Intel acquired $7.86 billion from the Biden administration to assist fund “commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon,” in response to the corporate. The determine is decrease than the preliminary $8.5 billion federal chips grant that was introduced in March 2024.
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