August 14, 2025 • 13 mins
The Trump administration is in talks with Intel Corp. to have the US government potentially take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry. The deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.
The plans stem from a meeting this week between President Donald Trump and Intel Chief Executive Officer Lip-Bu Tan, the people said. While the details are still being sorted, the idea is for the US government to pay for the stake, one of the people said. Another cautioned that the plans remain fluid. Shares of Intel climbed as much as 8.9% on Thursday.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Bloomberg senior executive editor for Global Tech Tom Giles
- Bloomberg News deals reporter Ryan Gould
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:09):
This is a breaking news update from Bloomberg, Instant reaction
and analysis from our three thousand journalists and analysts around
the world.
Speaker 3 (00:19):
Chairs for Intel finished up seven point four percent today,
this after Bloomberg reported exclusively that the Trump administration is
said to discuss taking a steak in Intel. The US
government potentially taking a steak in the chip maker, which
would help support the company's effort to expand domestic manufacturing.
This is according to people familiar with the plan. I
want to bring in Tom Giles, he's senior executive editor
(00:41):
for Global Technology. Tom can't stop talking about this story.
Also in the context of what happened earlier this week
with Nvidia and AMD, what's happened with MP Materials, and
the four hundred million dollar investment from the DoD Us
steal as well, it really just feels like we're in
a new era when it comes to industrial policy. What
does it mean to you?
Speaker 2 (01:00):
You know, the Trump administration is doing some really unconventional
things when it comes to trying to shape and influence
industrial policy and US corporations. Not a ton of precedents
for this, at least not in the US. We've seen
it in other types of economies where the government believes
(01:21):
it's its role to shape industry and shape the direction
of companies. That doesn't always end well. I'm a little
surprised that the stock rallied as much as it did.
To be totally honest with you, I think in the
near term, investors are looking at, hey, look, this is
a bit of money. Think of it maybe as a
bailout for Intel. Help the company get its financial house
(01:45):
in order and accelerate these plans to build a foundry
in Ohio.
Speaker 4 (01:49):
On its face, all of that stuff sounds good. Go ahead.
Speaker 3 (01:53):
Well, I'm I'm glad you brought up the term bailout
because I was talking to Carol about this. It kind
of also feels reminiscent of you know, we talked about
the US taking stakes and companies. It's not unprecedented. During
the financial crisis, we saw this happen with rescuing banks.
We saw it happening with rescuing automakers. The question I
have for you, and it really sticks to it doesn't
(02:13):
always end well. Is the concern about when you have
investment from the US government, the government picking winners and
losers when it comes to a so called quote unquote
free market.
Speaker 4 (02:27):
That's not a really it's not a very free market.
This isn't the principles.
Speaker 2 (02:32):
Hence the quotes that I that I studied, certainly in
in macro and you know, all all the all the
economics courses, all the finance courses that I've taken, don't.
Really this doesn't look like the capitalism that we learned
about growing up. What this is is and there's a
(02:53):
difference between a bailout per se and a government taking
a financial stake.
Speaker 4 (02:57):
This is about an ongoing relationship.
Speaker 2 (03:00):
And again, in the short term, I see why the
stock popped right, it's seen as like, hey, Intel could
use could get help wherever, you know, wherever it can.
Longer term, do you really want the government? Are the
government's interests aligned with those of shareholders? The government might
might want to shape things for its own political interests,
(03:21):
but are those the interests the long term interests of
the shareholders of the company.
Speaker 3 (03:26):
I think that's a really good point. And I would
also say, Tom, since we're talking about sort of the
philosophical definition of capitalism right now, that one could maybe
listen to our conversation or watch our conversation and say,
wait a second, we've never really lived in a free
market when local and federal subsidies power so much of
(03:50):
this economy. I mean, you look at corn farming, for example,
agriculture in the US. You look at subsidies that are
given by states to llure bi business is we all
remember what happened with Fox con in Wisconsin for example.
That should be an entirely different conversation. But any any
you know, you name it. There are Boeing in South Carolina,
(04:10):
for example. Those sorts of things. There are different reasons
that companies go.
Speaker 4 (04:14):
Places tax breaks all over the place.
Speaker 2 (04:17):
You know, the city of San Francisco just down the
street incentivized Twitter to locate its headquarters right in central
San Francisco, and they have lots of incentives. Think about
the corporate tax cuts that we've seen in recent administrations.
Those are all ways that the government is sort of
(04:39):
giving financial incentives to these companies and incentivizing them to
make investments in a city, in a state, in a
county for example. There's a difference between that and taking
a long term stake in a company.
Speaker 4 (04:54):
And remember the.
Speaker 2 (04:54):
Thing that I you know, I'm not a I'm not
an authority on corn farming, but I do know Silicon Valley,
and if you think about how the way things have
run here, things have gone historically over decades. The precedent
is Company X in Silicon Valley, in the tech industry
says to DC, stay out of our hair, leave us alone.
Speaker 4 (05:17):
For the most part.
Speaker 2 (05:20):
We'll build, will create jobs, will build new and innovative
technology that's going to change the way you live and
work and the way we do business. And that has
historically been the case. Government has had a relatively hands
off stance towards Silicon Valley, but that is changing dramatically,
and it's changing much more quickly under the Trump administration
(05:43):
than it has in recent memory as long as I
can remember covering this industry. What are the long term implications.
I don't think people are really thinking about that right now.
Speaker 1 (05:54):
It's really good, kind of mind boggling. We're talking with
Tom Giles, senior executive editor for Globe Tech out there
on the West Coast here in our Bloomberg Interactive Broker studio.
Ryn Guld just coming back into our studio Bloomberg News
Deals reporter. He along with Josh Wingrove and Leanna Baker
breaking this story. It is our most read on the
Bloomberg Tom stay with us, Ryan, I want to roll
(06:15):
you into this conversation. Remind everybody what you found out,
and you know, do we have any insight or do
you guys have any insight about how much the Trump administration,
which has been called an activist administration, would want to
be involved on an ongoing basis if it made this investment.
Speaker 5 (06:34):
Carol, We have very few details as to the numbers.
I mean, it's something we're obviously looking to find out
at this point. But I think it's just worth recapping
that just how novel this type of structure would be
or could be. I think I came on here earlier
on and said that the very good parallels to be
drawn between MP Materials and the dard that deal. I
think if you just break that down, what did that
(06:54):
mean for MP Materials and what could it mean for Intel?
I mean, you look at that deal, it's something like
you know, Gary and he purchases loans, private financing, equity investment.
I think these are all types of things that the
government perhaps feels. And again this is what you would
think from a sort of outside view looking in that
if you give confidence capital in this sense, which I
(07:14):
think is a good way to think about what this
would be for Intel shareholders. If you give confidence capital
to Intel as the you know, the most credit worthy
institution in the world, coming in and saying where behind you,
we're here for the long term, that's a massive draw,
especially if you're Intel and you're looking to bring in
customers like Apple or Qualcom, which by the way, has
been its mission for a long long time to make
(07:37):
its found be solvent.
Speaker 1 (07:38):
Tom, is that what Intel needs? Confidence capital? Is that
what's going to be the turnaround key for this company
that's been kind of struggling for a while.
Speaker 4 (07:49):
It has been struggling.
Speaker 2 (07:50):
I mean you think about what where they're lacking, right,
They have fallen behind technology technologically, particularly in an age
of AI.
Speaker 4 (07:58):
They are they have lost market share.
Speaker 2 (08:01):
Lipputan, the CEO, has come in and he has been
cutting jobs and taking some hard steps financially to shore
up them from a financial perspective, but in terms of products,
in terms of like making themselves attractive, making themselves the
place that customers around the world want to come.
Speaker 4 (08:20):
For their chip making needs.
Speaker 2 (08:22):
That's something where they've fallen desperately behind, and so if
you have a foundry, I mean, on its face, the
idea of building a foundry, that's that's an alternative to TSMC. Right,
this this Taiwan based mammoth company that that is making
most of the most advanced chips in the world. Customers
(08:46):
want an alternative to that. Ryan mentioned Apple in Nvidia,
they all would like to have alternatives to TSMC. You
want you don't want someone to have a monopoly, right,
So there are certain things about this idea of advanced
this chip making capabilities for Intel in Ohio on it
it makes sense, but it's really hard for a company
(09:07):
that's struggling financially to get that off the ground. So
again getting back to that near term equation, it makes
sense for them to get a capital infusion in the
near term. Longer term, does it make sense for the
federal government to be making decisions and to be influencing
the direction of companies. In many instances, the interests of
(09:28):
the government and the shareholders may be very much aligned,
but there will come a day where the government may
want to politicize things in a way that doesn't work
to the longer term advantages of shareholders. That's the thing
that people need to be asking hard questions about right now.
Speaker 1 (09:42):
Yeah, exactly, Tom Giles so appreciative, Senior executive editor for
Global Technology with his view and reporting there also on
Intel Industrial is still up about two point eight percent
here in the aftermarket.
Speaker 3 (09:54):
I want to keep Ryan Gould in here as part
of the team that broke the news that's still moving
shares of Intel higher once again more than seven percent
to the upside earlier in the session, up another two
point nine percent as we speak, right I want to
go to you off of what Tom just said, the
difficult questions that need to be asked right now, because
you and the team right about the President and his
(10:18):
administration are adamant about boosting domestic champions and sectors that
it deems critical to combating China on national security grounds.
I can imagine there are a lot of companies out
there with executives who are raising their hands and saying,
wait a second, I'm critical, where's my money?
Speaker 5 (10:34):
Exactly? I think Timmy Ray is a good point because
if you're any other company that operates in semiconductive manufacturing
or even semiconductive you know, chip design, Hey, this isn't fair. Yeah,
I mean you would be looking on and thinking what
is the power play here?
Speaker 1 (10:48):
Yeah, I mean a MAT's down twenty three percent fallowing
it's latest quarterly update. I'm not saying anything is related,
but it's like, hey, maybe I need Assi.
Speaker 5 (10:55):
Exactly and you know, if you think back, let's just
retrace those steps a little bit. Some of these channel
and some of these questions are being raised a couple
of months ago, what a few months ago now, before
Lipbutem became the CEO. When Pat left, you know, there
was a big search that went underwear. They used a
head hunter. They spoke to people like Gary Dickerson Ademet
about the job. I mean they spoke to a ton
(11:15):
of people about the job. There is actually only one
person who really wanted that job for the challenge that
is on the table right now, and that is Libbuten.
Libu ten is currently in that seat. He turned up
at the White House earlier this week, cut a fairly
you know, confident figure walking into the White House grounds
and is now on the face of this coming out
with something that looks like a potentially very favorable deal
(11:37):
at least in the short term, I think, to Tom's
point earlier on at least in the short term for
what you know, Intel is looking to do, which is
right size its balance sheet, stems some of those losses
and make sorry to use a Trump term, but you know,
make Intel grade again.
Speaker 1 (11:53):
It's kind of wild, kind of wild before we get
caught up in the exuberance. That is very easy to
get caught up in this environment, especially when you've got
a stock that pops seven percent in the regular trade,
another three percent here in the aftermarket early stages like
do you have any you guys talk to a lot
of folks who reported this at it's a Bloomberg exclusive,
it's a most red story. But do you have a
(12:15):
feeling of again, I'm going to go back to kind
of where this process maybe.
Speaker 5 (12:21):
I mean, we actually don't. I mean, that's one of
the challenges, is, you know, finding out how big this is.
I think you know where on the case. I'm sure
many of our competitors are now in the case. But
I think one of the things I'd point out is
that the President said on truth Social this week that
these meetings will be happening with Commerce and with Treasury
this week. You can probably assume that there are a
ton of people down in Washington right now, both on
(12:42):
the Intel side and the government side, who are putting
minds together to figure out exactly what it will require
to get Intel into on a stronger footing. I think,
you know, if you look at what Intel has said.
It declined to comment I should note on the deal discussions,
but it's said in a statement of Bloomberg that it
remains deeply committed to supporting the Trump's efforts to strength
in US technology and manufacturing leadership.
Speaker 1 (13:04):
Just quickly, we've not heard anything from the White House.
Speaker 5 (13:06):
Not yet.
Speaker 1 (13:06):
Okay, good to know you rock again, Ryan Gould, Deal's
reporter here at Bloomberg News Again. Intel shares tim up
here in the aftermarket after about a seven percent gain
in the regular training session.
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:09):
This is a breaking news update from Bloomberg, Instant reaction
and analysis from our three thousand journalists and analysts around
the world.
Speaker 3 (00:19):
Chairs for Intel finished up seven point four percent today,
this after Bloomberg reported exclusively that the Trump administration is
said to discuss taking a steak in Intel. The US
government potentially taking a steak in the chip maker, which
would help support the company's effort to expand domestic manufacturing.
This is according to people familiar with the plan. I
want to bring in Tom Giles, he's senior executive editor
(00:41):
for Global Technology. Tom can't stop talking about this story.
Also in the context of what happened earlier this week
with Nvidia and AMD, what's happened with MP Materials, and
the four hundred million dollar investment from the DoD Us
steal as well, it really just feels like we're in
a new era when it comes to industrial policy. What
does it mean to you?
Speaker 2 (01:00):
You know, the Trump administration is doing some really unconventional
things when it comes to trying to shape and influence
industrial policy and US corporations. Not a ton of precedents
for this, at least not in the US. We've seen
it in other types of economies where the government believes
(01:21):
it's its role to shape industry and shape the direction
of companies. That doesn't always end well. I'm a little
surprised that the stock rallied as much as it did.
To be totally honest with you, I think in the
near term, investors are looking at, hey, look, this is
a bit of money. Think of it maybe as a
bailout for Intel. Help the company get its financial house
(01:45):
in order and accelerate these plans to build a foundry
in Ohio.
Speaker 4 (01:49):
On its face, all of that stuff sounds good. Go ahead.
Speaker 3 (01:53):
Well, I'm I'm glad you brought up the term bailout
because I was talking to Carol about this. It kind
of also feels reminiscent of you know, we talked about
the US taking stakes and companies. It's not unprecedented. During
the financial crisis, we saw this happen with rescuing banks.
We saw it happening with rescuing automakers. The question I
have for you, and it really sticks to it doesn't
(02:13):
always end well. Is the concern about when you have
investment from the US government, the government picking winners and
losers when it comes to a so called quote unquote
free market.
Speaker 4 (02:27):
That's not a really it's not a very free market.
This isn't the principles.
Speaker 2 (02:32):
Hence the quotes that I that I studied, certainly in
in macro and you know, all all the all the
economics courses, all the finance courses that I've taken, don't.
Really this doesn't look like the capitalism that we learned
about growing up. What this is is and there's a
(02:53):
difference between a bailout per se and a government taking
a financial stake.
Speaker 4 (02:57):
This is about an ongoing relationship.
Speaker 2 (03:00):
And again, in the short term, I see why the
stock popped right, it's seen as like, hey, Intel could
use could get help wherever, you know, wherever it can.
Longer term, do you really want the government? Are the
government's interests aligned with those of shareholders? The government might
might want to shape things for its own political interests,
(03:21):
but are those the interests the long term interests of
the shareholders of the company.
Speaker 3 (03:26):
I think that's a really good point. And I would
also say, Tom, since we're talking about sort of the
philosophical definition of capitalism right now, that one could maybe
listen to our conversation or watch our conversation and say,
wait a second, we've never really lived in a free
market when local and federal subsidies power so much of
(03:50):
this economy. I mean, you look at corn farming, for example,
agriculture in the US. You look at subsidies that are
given by states to llure bi business is we all
remember what happened with Fox con in Wisconsin for example.
That should be an entirely different conversation. But any any
you know, you name it. There are Boeing in South Carolina,
(04:10):
for example. Those sorts of things. There are different reasons
that companies go.
Speaker 4 (04:14):
Places tax breaks all over the place.
Speaker 2 (04:17):
You know, the city of San Francisco just down the
street incentivized Twitter to locate its headquarters right in central
San Francisco, and they have lots of incentives. Think about
the corporate tax cuts that we've seen in recent administrations.
Those are all ways that the government is sort of
(04:39):
giving financial incentives to these companies and incentivizing them to
make investments in a city, in a state, in a
county for example. There's a difference between that and taking
a long term stake in a company.
Speaker 4 (04:54):
And remember the.
Speaker 2 (04:54):
Thing that I you know, I'm not a I'm not
an authority on corn farming, but I do know Silicon Valley,
and if you think about how the way things have
run here, things have gone historically over decades. The precedent
is Company X in Silicon Valley, in the tech industry
says to DC, stay out of our hair, leave us alone.
Speaker 4 (05:17):
For the most part.
Speaker 2 (05:20):
We'll build, will create jobs, will build new and innovative
technology that's going to change the way you live and
work and the way we do business. And that has
historically been the case. Government has had a relatively hands
off stance towards Silicon Valley, but that is changing dramatically,
and it's changing much more quickly under the Trump administration
(05:43):
than it has in recent memory as long as I
can remember covering this industry. What are the long term implications.
I don't think people are really thinking about that right now.
Speaker 1 (05:54):
It's really good, kind of mind boggling. We're talking with
Tom Giles, senior executive editor for Globe Tech out there
on the West Coast here in our Bloomberg Interactive Broker studio.
Ryn Guld just coming back into our studio Bloomberg News
Deals reporter. He along with Josh Wingrove and Leanna Baker
breaking this story. It is our most read on the
Bloomberg Tom stay with us, Ryan, I want to roll
(06:15):
you into this conversation. Remind everybody what you found out,
and you know, do we have any insight or do
you guys have any insight about how much the Trump administration,
which has been called an activist administration, would want to
be involved on an ongoing basis if it made this investment.
Speaker 5 (06:34):
Carol, We have very few details as to the numbers.
I mean, it's something we're obviously looking to find out
at this point. But I think it's just worth recapping
that just how novel this type of structure would be
or could be. I think I came on here earlier
on and said that the very good parallels to be
drawn between MP Materials and the dard that deal. I
think if you just break that down, what did that
(06:54):
mean for MP Materials and what could it mean for Intel?
I mean, you look at that deal, it's something like
you know, Gary and he purchases loans, private financing, equity investment.
I think these are all types of things that the
government perhaps feels. And again this is what you would
think from a sort of outside view looking in that
if you give confidence capital in this sense, which I
(07:14):
think is a good way to think about what this
would be for Intel shareholders. If you give confidence capital
to Intel as the you know, the most credit worthy
institution in the world, coming in and saying where behind you,
we're here for the long term, that's a massive draw,
especially if you're Intel and you're looking to bring in
customers like Apple or Qualcom, which by the way, has
been its mission for a long long time to make
(07:37):
its found be solvent.
Speaker 1 (07:38):
Tom, is that what Intel needs? Confidence capital? Is that
what's going to be the turnaround key for this company
that's been kind of struggling for a while.
Speaker 4 (07:49):
It has been struggling.
Speaker 2 (07:50):
I mean you think about what where they're lacking, right,
They have fallen behind technology technologically, particularly in an age
of AI.
Speaker 4 (07:58):
They are they have lost market share.
Speaker 2 (08:01):
Lipputan, the CEO, has come in and he has been
cutting jobs and taking some hard steps financially to shore
up them from a financial perspective, but in terms of products,
in terms of like making themselves attractive, making themselves the
place that customers around the world want to come.
Speaker 4 (08:20):
For their chip making needs.
Speaker 2 (08:22):
That's something where they've fallen desperately behind, and so if
you have a foundry, I mean, on its face, the
idea of building a foundry, that's that's an alternative to TSMC. Right,
this this Taiwan based mammoth company that that is making
most of the most advanced chips in the world. Customers
(08:46):
want an alternative to that. Ryan mentioned Apple in Nvidia,
they all would like to have alternatives to TSMC. You
want you don't want someone to have a monopoly, right,
So there are certain things about this idea of advanced
this chip making capabilities for Intel in Ohio on it
it makes sense, but it's really hard for a company
(09:07):
that's struggling financially to get that off the ground. So
again getting back to that near term equation, it makes
sense for them to get a capital infusion in the
near term. Longer term, does it make sense for the
federal government to be making decisions and to be influencing
the direction of companies. In many instances, the interests of
(09:28):
the government and the shareholders may be very much aligned,
but there will come a day where the government may
want to politicize things in a way that doesn't work
to the longer term advantages of shareholders. That's the thing
that people need to be asking hard questions about right now.
Speaker 1 (09:42):
Yeah, exactly, Tom Giles so appreciative, Senior executive editor for
Global Technology with his view and reporting there also on
Intel Industrial is still up about two point eight percent
here in the aftermarket.
Speaker 3 (09:54):
I want to keep Ryan Gould in here as part
of the team that broke the news that's still moving
shares of Intel higher once again more than seven percent
to the upside earlier in the session, up another two
point nine percent as we speak, right I want to
go to you off of what Tom just said, the
difficult questions that need to be asked right now, because
you and the team right about the President and his
(10:18):
administration are adamant about boosting domestic champions and sectors that
it deems critical to combating China on national security grounds.
I can imagine there are a lot of companies out
there with executives who are raising their hands and saying,
wait a second, I'm critical, where's my money?
Speaker 5 (10:34):
Exactly? I think Timmy Ray is a good point because
if you're any other company that operates in semiconductive manufacturing
or even semiconductive you know, chip design, Hey, this isn't fair. Yeah,
I mean you would be looking on and thinking what
is the power play here?
Speaker 1 (10:48):
Yeah, I mean a MAT's down twenty three percent fallowing
it's latest quarterly update. I'm not saying anything is related,
but it's like, hey, maybe I need Assi.
Speaker 5 (10:55):
Exactly and you know, if you think back, let's just
retrace those steps a little bit. Some of these channel
and some of these questions are being raised a couple
of months ago, what a few months ago now, before
Lipbutem became the CEO. When Pat left, you know, there
was a big search that went underwear. They used a
head hunter. They spoke to people like Gary Dickerson Ademet
about the job. I mean they spoke to a ton
(11:15):
of people about the job. There is actually only one
person who really wanted that job for the challenge that
is on the table right now, and that is Libbuten.
Libu ten is currently in that seat. He turned up
at the White House earlier this week, cut a fairly
you know, confident figure walking into the White House grounds
and is now on the face of this coming out
with something that looks like a potentially very favorable deal
(11:37):
at least in the short term, I think, to Tom's
point earlier on at least in the short term for
what you know, Intel is looking to do, which is
right size its balance sheet, stems some of those losses
and make sorry to use a Trump term, but you know,
make Intel grade again.
Speaker 1 (11:53):
It's kind of wild, kind of wild before we get
caught up in the exuberance. That is very easy to
get caught up in this environment, especially when you've got
a stock that pops seven percent in the regular trade,
another three percent here in the aftermarket early stages like
do you have any you guys talk to a lot
of folks who reported this at it's a Bloomberg exclusive,
it's a most red story. But do you have a
(12:15):
feeling of again, I'm going to go back to kind
of where this process maybe.
Speaker 5 (12:21):
I mean, we actually don't. I mean, that's one of
the challenges, is, you know, finding out how big this is.
I think you know where on the case. I'm sure
many of our competitors are now in the case. But
I think one of the things I'd point out is
that the President said on truth Social this week that
these meetings will be happening with Commerce and with Treasury
this week. You can probably assume that there are a
ton of people down in Washington right now, both on
(12:42):
the Intel side and the government side, who are putting
minds together to figure out exactly what it will require
to get Intel into on a stronger footing. I think,
you know, if you look at what Intel has said.
It declined to comment I should note on the deal discussions,
but it's said in a statement of Bloomberg that it
remains deeply committed to supporting the Trump's efforts to strength
in US technology and manufacturing leadership.
Speaker 1 (13:04):
Just quickly, we've not heard anything from the White House.
Speaker 5 (13:06):
Not yet.
Speaker 1 (13:06):
Okay, good to know you rock again, Ryan Gould, Deal's
reporter here at Bloomberg News Again. Intel shares tim up
here in the aftermarket after about a seven percent gain
in the regular training session.
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Season Two Out Now! Law & Order: Criminal Justice System tells the real stories behind the landmark cases that have shaped how the most dangerous and influential criminals in America are prosecuted. In its second season, the series tackles the threat of terrorism in the United States. From the rise of extremist political groups in the 60s to domestic lone wolves in the modern day, we explore how organizations like the FBI and Joint Terrorism Take Force have evolved to fight back against a multitude of terrorist threats.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com