Tech
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10% stake in its business, the company and President Donald Trump announced Friday.
The deal came after Trump’s administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president.
Under the agreement, the US government will receive 433.3 million shares of common stock, representing a 9.9% stake in the company, Intel said in a statement.
This amounts to an $8.9 billion investment, funded partially by $5.7 billion in grants awarded but not yet paid under the CHIPS and Science Act—a major law passed during Biden’s term that Trump has criticized.
The other $3.2 billion comes from an award to the company as part of the Secure Enclave program, Intel said.
The $8.9 billion investment would be in addition to $2.2 billion in CHIPS grants Intel has already received, taking the full amount to $11.1 billion, the company added.
“The United States of America now fully owns and controls 10% of INTEL,” Trump posted on Truth Social.
He claimed that the country “paid nothing for these shares” after negotiations with Intel CEO Lip-Bu Tan.
Intel noted in its statement: “The government’s investment in Intel will be a passive ownership, with no board representation or other governance or information rights.”
Referring to a meeting with Intel last week, Trump told reporters Friday: “I said, I think you should pay us 10% of your company.”
“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.”
Commerce Secretary Howard Lutnick said Friday on X: “This historic agreement strengthens US leadership in semiconductors.”
‘Slippery slope’
Intel is one of Silicon Valley’s most iconic companies, but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business.
The CHIPS and Science Act was aimed at strengthening the US semiconductor industry, and the Biden administration had unveiled billions in grants through it.
It finalized a $7.9 billion award in direct funding to Intel in November 2024, according to a US Department of Commerce statement.
“This is a slippery slope,” independent tech analyst Rob Enderle said of the United States taking a stake in Intel.
“This is one of those things that kind of brings chills because it’s a step toward nationalizing private business.”
Scott Lincicome of the Cato Institute, a Washington think tank that promotes limited government, said on X Friday that the government having a stake in Intel would be “a terrible decision, bad for almost everyone.”
He said it would be “bad for Intel’s long-term viability, as politics, not commercial considerations, increasingly drive its decisions” and that “foreign governments might also target it.”
In a statement, Tan of Intel said it is “deeply committed to ensuring the world’s most advanced technologies are American made.”
The company said it is investing more than $100 billion to expand its US sites.
Earlier this month, Trump had demanded Tan resign after a Republican senator raised national security concerns over his links to firms in China.
Japan-based tech investor SoftBank Group also recently said it would invest $2 billion in Intel.
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Tech
The Best Cyber Monday Streaming Deals With a Convenient Roommate’s Email Address
HBO knows you’re bored and cold. It wants you to Max and chill with Noah Wyle in scrubs. The company offers some of the best Cyber Monday streaming deals with a ridiculously low-priced $3/month offer for basic HBO Max (it’s the version with ads and 2K streaming, but still, super-cheap). Disney Plus and Hulu deals are bundled up for $5/month. Apple TV wants back in your life for $6.
Of course, this deal is only meant for new customers. Not boring ol’ existing customers. If you already have basic HBO Max, you’re already paying $11 for the same service, and HBO would like you to keep doing that. Streaming apps are banking on you being complacent and happy in your streaming life. Maybe they’re even taking you for granted.
Sometimes you can get the current deal just by threatening to cancel, or actually canceling, your account. Suddenly, you’re an exciting new customer again! Another method is by using an alternate email account (perhaps your spouse’s or roommate’s?) and alternate payment information as a new customer. If you do use a burner email (you did not hear this from me), check in on your favorite app’s terms of service to make sure you’re not in violation by re-enrolling with different emails. I’ll also issue the caveat that you lose all your viewing data and tailored suggestions if you sign up anew.
But times and wallets are tight! And $3 HBO Max sounds pretty good. After all, every middle-aged American man needs to rewatch The Wire once every five years or so—assuming he’s not the kind of middle-aged man who rewatches The Sopranos instead. Here are the current best streaming deals for Cyber Monday 2025.
Devon Maloney; ARCHIVE ID: 546772
Regular price: $80
Tech
SAP user group chair warns of AI low-hanging fruit risks | Computer Weekly
The UK and Ireland SAP User Group (UKISUG) Connect 25 conference has opened in Birmingham with a keynote session recognising the challenges business face.
The user group itself has adapted to changes in the technology market such as the advent of artificial intelligence (AI) in business applications and the economic climate that has a profound effect on its members’ ability to deliver value with enterprise technology.
In his keynote presentation, Conor Riordan, chair of UKISUG, said: “As an organisation, we have to change, to position ourselves as we move from the old to the new.”
The user group has a 2030 plan, recognising the shifts in enterprise software. For instance, there is the shift to no-code and low-code tooling, which has implications on the agility of enterprise software development. Riordan noted that the current business climate and geopolitical volatility means that there is a huge pressure to reduce costs, leading to cuts in training budgets and the challenge of delivering more with less, adding: “We need to have process change.”
Moving to a future where organisations are using data to make more dependable decisions, Riordan noted that SAP is moving to a dynamic ecosystem of applications and AI, but the challenge is how quickly businesses can start taking advantage of the AI now available in their business applications. “We see members say SAP AI will help them,” Riordan said.
But many are concerned how the new technology now available will deliver a return on investment (ROI). For Riordan, IT decision-makers need to be wary of tackling the so-called low-hanging fruit, the use cases that the industry sells to the executive team: “It is really complex work, and the low-hanging fruit is not that low hanging. It will take years, not months, to deliver value.”
A poll of delegates at the conference found that 78% of respondents are just getting started with AI, while 29% say their AI initiatives have under-delivered.
“This stuff is not easy,” Riordan said, adding that the challenge is one of process re-engineering and culture change, and that he believes humans need to be at the centre of decision-making. “We ask partners to be reasonable in their productivity claims so we can all succeed together.”
The Value of AI in the UK: Growth, people & data from SAP and Oxford Economics, which was published in October 2025, notes that customers are investing £16m in AI on average this year. The report’s authors predict this will increase by 40% within the next two years. However, the theme coming out of the keynote session at Connect25 is that few companies are really using AI.
Another big topic covered during the keynote is the end of support for SAP products. With SAP’s 2027 maintenance deadline for SAP ECC 6.0 fast approaching, many organisations are now embarking on their migration journey to SAP S/4Hana. More than half (54%) of respondents said that gaining access to SAP’s AI offerings will influence their future deployment of SAP.
Among attendees of Connect25, 49% said they are working towards the 2027 deadline. Riordan called on SAP to help customers to move to the cloud and build a tangible business case.
During her keynote speech, Leila Romane, managing director of SAP UK & Ireland, spoke about the AI opportunity, saying: “We are helping customers unleash new value with business AI.”
SAP’s strategy is to drive business value through the power of AI, data and its enterprise applications, with the SAP Cloud integral in SAP’s strategy to deliver AI-enablement across its enterprise software suite. Romane said SAP recognised that its customers were all at different stages of their cloud journey, adding: “Our commitment is to help you move.”
Tech
Hong Kong FWA services market set for 9.6% growth | Computer Weekly
Analysis from GlobalData is forecasting that fixed wireless access (FWA) service revenue in Hong Kong is expected to increase at a “healthy” compound annual growth rate (CAGR) of 9.6% between 2025 and 2030.
The latest Hong Kong Total Fixed Communications Forecast set out to quantify current and future demand and spending on mobile services for the special administrative region of China. It noted that growth was being driven by Hong Kong’s extensive 5G network coverage and could also be attributed to local operators’ efforts to expand FWA services and position it as an alternative to traditional fibre broadband services for both residential and commercial sectors, meeting growing demand for high-speed connectivity in areas where extending fibre lines is challenging.
“High-density urban and suburban centres of Hong Kong create a strong business case for FWA services due to their cost-effective and rapid deployments without the complex infrastructure and civil work required for extending fibre-optic lines to such locations,” said Neha Misra, senior analyst at GlobalData.
“Competitive, feature-rich plans from the operators will also help drive its adoption over the forecast period. For instance, HKBN’s 5G Home Broadband Plan provides unlimited 5G broadband data (subject to a 300GB with a fair-usage policy) for HKD118 per month on a 24-month contract, along with a seven-day trial guarantee. The plan also includes a waiver of the HKD28 monthly administration fee and complimentary access to the basic HomeShield security plan.”
In addition to HKBN, the study noted that operators such as 3 Hong Kong and HKT are also using their extensive 5G networks to offer home broadband services, particularly in areas with limited fibre infrastructure. It cited HKT as recently having successfully deployed mmWave-based FWA to deliver ultra-high-speed internet to rural areas and outlying islands.
“Growing demand for FWA provides operators a strong revenue opportunity by expanding home and SME broadband without the high capital intensity of fibre roll-out,” Misra added. “By leveraging nationwide 5G coverage, introducing competitively priced service plans and bundling digital home services, operators can unlock higher ARPU [average revenue per user], accelerate market penetration in underserved areas and diversify beyond traditional revenues.”
GlobalData believes the Hong Kong government’s smart city initiatives will also open new opportunities for FWA, especially 5G FWA, which can deliver high-speed internet to power applications such as the digital economy, digital governance and e-health services, while supporting the city’s dense urban environment and digital transformation goals under the Smart City Blueprint 2.0.
The original blueprint was set out in December 2017, outlining 76 initiatives under six smart areas, namely Smart Mobility, Smart Living, Smart Environment, Smart People, Smart Government and Smart Economy. Blueprint 2.0 puts forth more than 130 initiatives that continue to enhance and expand existing city management measures and services. The new initiatives aim to bring benefits and convenience to the public so that residents can better perceive the benefits of smart city innovation and technology.
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