The U.S. government is discussing whether it will take a stake in beleaguered chipmaker Intel Corp. as a way to bail it out of its financial struggles, according to a report.
Bloomberg reported that the two sides were in discussions, but nothing has been decided: not when or even if it could happen, nor the amount of equity Intel would give up or what terms would be attached to the agreement.
What does appear to be clear, however, is that the U.S. government is at least talking about taking a direct stake in Intel, which would be a first for the company. In May, the Saudi national AI company Humain — a company funded by the sovereign wealth fund of Saudia Arabia — formed a joint venture with rival AMD with no direct investment. Saudi Arabia formed a Public Investment Fund (PIF) for tho