The White House makes a play for Intel

Marketplace Morning Report

American Public Media

News, Business

4.5 • 808 Ratings

🗓️ 15 August 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump reportedly has floated a plan that would have the U.S. government take partial control of Intel, the ailing chipmaking giant. We look at how a potential deal might shake out and what obstacles it could face. Then, on the other side of the Pacific, workers at Chinese AI companies are working long hours in the heated global AI race. And finally, the BBC’s Jane Chambers reports on the economic malaise in Bolivia that’s shaping this weekend’s elections.

Transcript

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0:00.0	A proposal for the microchip giant Intel Corporation to become in part a state-owned entity.
0:08.2	I'm David Brancaccio in Los Angeles. Shares of Intel closed up more than 7% yesterday and are up
0:14.2	another 4% in early trading this morning. The jump and market valuation for the beleaguered microchip
0:20.7	company comes amid published reports.
0:23.0	The Trump administration could buy up a stake in the company. Marketplaces Nancy Marshall
0:27.7	Genzer is following this. Last week, President Trump said Intel CEO Lip Bhutan should resign immediately.
0:35.2	Trump met with Ton this week. And now there are reports the administration
0:38.8	is in talks with Intel about taking a stake in the company. Intel has been struggling to compete
0:44.7	with other chipmakers like Nvidia. It's delayed the opening of a plant in Ohio. Bloomberg is
0:50.7	reporting a deal for a government stake would help Intel move that factory along.
0:55.1	But there's no agreement yet, and it's not clear how big the stake in Intel would be.
1:00.2	Intel wouldn't confirm any deal to Bloomberg, only saying it looks forward to continuing to work with the Trump administration.
1:07.2	This would be the latest in a series of White House interventions in U.S. businesses,
1:11.6	NVIDIA and AMD, have agreed to give the government a 15% cut of their revenues from certain chip sales to China.
1:18.9	I'm Nancy Marshall Genser for Marketplace.
1:22.5	Minus 62% that is the drop in U.S. exports of booze to Canada, as the trade war flared between the U.S. and Canada during the first six months of this year. U.S. wine exports to Canada are down by about two-thirds, 67 percent, according to numbers, from the Distilled Spirits Council, first reported by the Wall Street Journal. And we can tell you one place where artificial intelligence is not taking away work from humans
1:48.2	these days, people who work in the AI industry itself, intense competition between U.S. AI
1:53.8	companies, and competition between American and Chinese companies, has led to a workplace meme out
1:59.3	of China about the 007 schedule.
2:02.4	007 is not about shaken, not stirred martinis, but about working from zero zero, meaning
2:07.5	midnight to midnight, seven days a week. Here's a piece of the reporting from Marketplaces
2:12.6	China correspondent Jennifer Pack. The average work hours so far this year is just over 48 hours a week. That's
	...

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