Business · Companies · 3 hrs ago

Intel CEO says US government will not interfere in company strategy

Intel CEO says US government will not interfere in company strategy

Intel CEO Lip-Bu Tan says the US government will not steer the company’s strategy through its minority stake.

He made the comments in an interview with Nikkei.

The US government, SoftBank Group and rival chipmaker Nvidia have all taken equity stakes in Intel.

The investments are intended to support Intel’s recovery.

Tan also assessed that Chinese chips are not far behind US technology.

The comments address concerns about government influence as Intel works to recover, but no further steps or timeline were given.

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via Nikkei Asia