Intel

Stock in the company rose nearly 8% in after-hours trading to $41.10, adding to strong gains since the United States invested in the summer.

U.S. Sen. Bernie Moreno (R-Ohio) sent Intel’s chief executive a letter Friday making several asks of the tech designer and manufacturer.

Moreno's letter Friday said he wants to ensure "that this investment is not a charade or worse potential fraud."

Nvidia, the world’s leading chipmaker, announced on Thursday that it’s investing $5 billion in Intel and it will collaborate with the struggling semiconductor company on products.

In the past, the federal government has taken stakes in American companies during wars or economic crises. But now the government's motivation has more to do with the race for AI chips and technology.

While free market conservatives and progressive said the Intel deal violates basics of capitalism, Ohio’s Republican U.S. senators are praising it.

Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.

Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel’s CEO an “amazing story.”

Intel CEO Lip-Bu Tan said he’s “always operated within the highest legal and ethical standards” after President Donald Trump and Ohio U.S. Senator Bernie Moreno said he should resign.

President Donald Trump and U.S. Sen. Bernie Moreno of Ohio posted on social media that want Intel CEO Lip-Bu Tan to immediately resign after a report Wednesday that mentioned alleged ties to China.