Meeting is expected to take place at the White House today

Company says the takeover will allow it to quadruple its manufacturing output

Deal was struck by the parties last week

Company founded two years ago by long-time GPU architect Raja Koduri

Sale of the 6.2 million sq ft site was first reported this week

Response from Lip-Bu Tan follows Trump's unprecedented demands

Has held shares in the company since 2024

Arkansas Senator Tom Cotton wrote to Intel’s board to “express concern” about CEO’s reported “deep ties to the Chinese Communists”

Company expanding partnerships with Apple suppliers including Amkor, GlobalFoundries, and TSMC

Despite segment loss, overall revenue still reached record-breaking high for the company

AMD will incorporate the FlexGen IP with its Infinity Fabric technology

The 6.2 million sq ft site sold for $375m

Discussions regarding funding for big chip co. are still ongoing

Billions of dollars of chips orders at stake as a result of the inaction

Deployment of the servers, dubbed Santa Barbara, expected to start in Q4 2025

System offers 80 petaflops of FP8 compute performance in its first phase

Previous round from 2024 raised $640m at a $2.8bn valuation

But lawmakers still unhappy with the decision to grant export licenses to China

Violations occurred between 2015 and 2021, Department of Commerce claims

Eight-year deal was confirmed by Tesla CEO Elon Musk on X

The $50 million project will be funded by private and public investment

Claims costs of chips made at Arizona fab are between 5 and 20 percent higher than those produced in Taiwan

Company posted a net loss of $2.9 billion on $12.9bn in flat quarterly revenue

Facility to sit on 11 acre land parcel in the region