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Day: August 22, 2025
Trump Confirms 10 Percent Stake in Intel Valued at $10 Billion
President Donald Trump announced that the United States will acquire a 10 percent stake in Intel, valued at approximately $10 billion. During a press briefing on August 22, 2025, Trump revealed that Intel CEO Lip-Bu Tan had agreed to this deal, which Trump framed as a condition to help Tan retain his position amid prior calls for his resignation related to ties with China, reports 24brussels.
Trump disclosed that he proposed the partnership during discussions with Tan, stating, “I said, ‘I think it would be good having the United States as your partner.’ They’ve agreed to do it, and I think it’s a great deal for them.” This strategic maneuver aims to solidify the U.S. government’s involvement in tech infrastructure while addressing concerns over reliance on foreign entities.
This announcement follows SoftBank’s recent commitment to inject $2 billion into Intel to bolster chip manufacturing within the United States. Trump is expected to formally unveil the agreement with Intel later today. Currently, Intel has not responded to requests for comments regarding the deal.
The federal government’s stake in the beleaguered chipmaker exemplifies the increasingly blurry boundaries between governmental authority and corporate interests. Reports suggest that the Trump administration has also sought financial concessions from other major companies in the semiconductor industry, including Nvidia and AMD, demanding a share of sales profits from transactions with China.
Treasury Secretary Scott Bessent hinted at this investment during a CNBC interview earlier this week, indicating that it might involve a reallocation of government grants aimed at stabilizing the company for domestic chip production. “It would be a conversion of grants,” he articulated.
Looking ahead, Trump indicated a willingness to pursue further deals of this nature, suggesting a continued expansion of governmental roles within key industries.
Antwerp – On Sunday, August 24, 2025, Collectief Ongehoord and 20 local groups will stage a protest in Antwerp’s Te Boelaerpark against the removal of over 800 trees in Deurne due to tram and street projects, from 2 to 4 p.m., reports 24brussels.
As reported by GVA News, the protest will be organized by Collectief Ongehoord, a coalition consisting of approximately 20 local activist groups, including Extinction Rebellion, Juiste Spoor, Fridays for Future, and Grootouders voor het Klimaat, alongside several neighborhood committees.
“In too many places in Antwerp, trees are being cut down or threatened with being cut down, supposedly to promote progress in construction and redevelopment projects. The inestimable value of these (often mature) trees for the livability of our city is still too often forgotten,”
Collectief Ongehoord stated on Facebook.
What will Antwerp citizens and 20 groups do with over 800 trees?
The protest will take place in Te Boelaerpark, chosen deliberately to highlight the tram loop project in Deurne, which illustrates the vulnerability of green spaces in the city. The park, known for its tall trees, serves as a symbol of the threat posed to long-standing green areas by new construction efforts.
Scheduled for Sunday from 2 p.m. to 4 p.m., the event will feature speeches from campaigners and guest speakers, alongside performances of music and poetry to support their call for change. The organizers emphasize that the blend of art and activism aims to underscore their demand for the protection of existing trees, stressing that new plantings cannot swiftly replace the ecological value of the mature trees being lost.
The tree felling in Deurne commenced on August 18, 2025, to make way for the construction of a new tram loop and street works. The project involves a tram turnaround but has ignited protests from residents, environmental advocates, and opposition parties. Demonstrations have occurred since the works began, although an emergency court appeal to halt the cutting was unsuccessful.
Police have intervened multiple times, sealing off sections of Drakenhoflaan and detaining protesters who refused to comply with evacuation orders. Opponents express concerns about damage to the local environment and loss of green space, while city officials argue that the tram loop is essential for future urban development.
