Intel’s revival rests on a risky alliance between Silicon Valley and Washington

Intel is in the midst of a striking turnaround attempt, fueled by a series of high-profile manufacturing deals with companies including Nvidia, Tesla, and Apple. The vote of confidence from some of the world’s largest technology companies has helped lift Intel’s stock price after years of struggles and raised hopes that more customers could follow. But according to a report by The Wall Street Journal, the deals may not be driven solely by confidence in Intel’s technological capabilities. Instead, they were also shaped by pressure from the Trump administration, which acquired a 10% stake in Intel and has made rebuilding America’s domestic chip manufacturing capacity a central priority. Over the past year, Intel has announced a series of major partnerships. In September, Nvidia unveiled a deal that includes a $5 billion investment in Intel and joint product development.