“I said, I think you should pay us 10 percent of your company,“ he told reporters about a meeting with Intel last week.
This development follows US Commerce Secretary Howard Lutnick’s earlier suggestion that Intel should grant Washington an equity stake in exchange for grants previously committed under the Biden administration.
He specifically criticised grants committed under the CHIPS and Science Act, describing them as funding that was being simply given away without adequate return.
Intel, once Silicon Valley’s dominant force, has seen its market position challenged by Asian semiconductor powerhouses TSMC and Samsung.
SoftBank’s charismatic founder Masayoshi Son has been actively pursuing business relationships and investments in the United States while courting President Trump’s administration. – AFP
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