As the Trump administration considers taking an ownership stake in Intel, Ohio's senators are expressing their support.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

Sen. Rand Paul and conservative commentator Erick Erickson expressed concerns about the Intel idea, the pair describing it as "socialism."

Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for his ouster over ties to China, according to a new report.

The White House unveiled details for its trade deal with the European Union (EU) on Thursday. The Trump administration said its EU counterparts have agreed to eliminate all tariffs on industrial goods imported from the U.

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

President Donald Trump wants the U.S. government to own a piece of Intel, less than two weeks after demanding the Silicon Valley pioneer dump the CEO that was hired to turn around the slumping chipmak

Commerce Secretary Howard Lutnick has confirmed that the Trump administration is considering taking a stake in the struggling U.S. chipmaker Intel.