Intel CEO says White House has no policy to meddle in chipmaker's strategy

Nikkei Asia reports that Intel CEO Lip-Bu Tan said the Trump administration has no policy to use its minority stake to interfere with Intel's business strategy and has no influence over its governance. Washington converted previously allocated federal funding into an $8.9 billion investment, taking a 9.9% stake later diluted to around 8.2%. Tan said government support would help Intel make the long-term investments needed to build its contract chipmaking business.