Did Trump save Intel? Not really
U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money – which the struggling chipmaker was slated to receive anyway under a federal funding act – will not be enough for its contract-chipmaking business to flourish, analysts said. What Intel needs is external customers for its so-called cutting-edge 14A manufacturing process – a tough ask, at least in the short term.
