Intel's proposal comes as rivals Nvidia and AMD agree to sell advanced AI chips in China, sharing revenue with the state.

Since returning to office in January, Trump has floated several deals that would involve the feds taking a piece of an American company.

Nvidia and AMD agreeing to give 15% of their China chips revenue back to the U.S. doesn't recall any deal ever struck by the U.S. government.

What Intel needs more than new board members is customers for its manufacturing, or “foundry”, arm. They have not been forthcoming, partly because Intel’s chip-design business competes with would-be ...