A report from The Wall Street Journal tells the tale of Tim Cook's visit to the White House last summer, in which the Apple chief attempted to persuade the administration to abandon plans to impose tariffs on 100% of all semiconductor imports.
Apple was eventually granted an exemption to the tariffs, in return for a commitment to invest $100 billion into US manufacturing efforts. However, the WSJ says that US president Donald Trump and US commerce secretary Howard Lutnick also "urged" Cook to use Intel's manufacturing plants to make some of its chips.
Later that same month, the US government converted $9 billion in federal grants into a 10% stake in Intel, making it the company's largest shareholder. Trump announced in June of this year that Read Entire Article
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