Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, is working with the Trump administration on a plan to turn over the operation of its chip-making plants to a giant Taiwanese company. Over the past few months, Frank Yeary, the interim executive chairman of Intel, has spoken…
While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one. “Other countries have wealth funds,” he said. “We have nothing.” On Monday, he took the first step. He issued an executive order that announced the planning for an investment vehicle or a sovereign wealth…
Howard Lutnick, the wealthy Wall Street executive whom President Trump has tapped to lead the Department of Commerce, detailed a complex network of financial holdings on Friday as he prepared to face scrutiny from lawmakers during a confirmation hearing next week. The financial disclosures showed that Mr. Lutnick, who has built a fortune in brokerages,…