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(Image credit: Getty Images/Bloomberg) Share Share by: Copy link Facebook X Whatsapp Reddit Flipboard Share this article Join the conversation Follow us Add us as a preferred source on Google Intel has tightened its ties with the current US administration, appointing an economic advisor to President Trump as its new head of government affairs, as reported by Reuters . On top of that, it has installed Lip-Bu Tan associate, Jason Chew, as head of what must be the newly created position of "Intel Government Technologies," to oversee the company's business dealings with the US government.
Intel's relationship with President Trump and his administration has been a rollercoaster this past year. It seemed earlier this year that the President would pressure Intel to release its new CEO , but Lip-Bu Tan seems to have won Trump over after a personal meeting between the pair, and ultimately decided the US government would take a 10% stake in Intel . Since then, the company's stock price has soared, and it's received further investments from Nvidia .
Cozying up to the President and the current administration has been a huge boon for Intel. Now it appears keen to maintain that close relationship by ensuring those who know him well act as the go-between.
President Trump posts an AI-generated image of him trading Intel stock inside the White House
Intel's CTO and AI chief leaves for OpenAI after just seven months in role
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/intel-appoints-trump-economic-advisor-as-head-of-government-affairs-announces-broader-leadership-shakeup-new-interim-cto#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.