Inside Intel's Deal With the U.S. Government

The Journal podcast discusses the recent events surrounding Intel, focusing on President Trump's initial call for the CEO Lip Butan to resign due to alleged ties with China, and the subsequent deal where the U.S. government acquired a 10% stake in Intel. The podcast explores the motivations behind Trump's actions, the negotiation process led by Commerce Secretary Howard Letnik, and the implications of the U.S. government becoming a major shareholder in Intel. It also touches on the potential for similar deals with other companies that have received money from the CHIPS Act, and what this signifies for the relationship between the Trump administration and the tech sector.