What Intel needs is external customers for its 14A manufacturing process - a tough ask, at least in the short term.

President Donald Trump announced that his administration will be conducting a "major tariff investigation on furniture," completed within 50 days. After that, Trump vows an undetermined tariff rate will be implemented on furniture coming into America.

The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, according to a press release the company published on Friday.

The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump administration, underlines how even the mightiest in tech can fall.

While Intel says the government is making an “$8.9 billion investment in Intel common stock,”   the administration does not appear to be committing new funds.

Defense Secretary Pete Hegseth has fired a general whose agency’s initial intelligence assessment of U.S. damage to Iran nuclear sites angered President Donald Trump.