US EditionTrump’s Federal Stake in Intel Prompts GOP Complaints
The deal makes the U.S. government Intel's largest shareholder without direct payment, using $11 billion in CHIPS Act grants as investment funds.
- On Friday, President Donald Trump announced the U.S. government acquired a 10% stake in Intel by converting $11.1 billion in funds into equity, making taxpayers the largest shareholders.
- The deal repurposed CHIPS and Science Act grants approved under President Joe Biden, with the White House converting subsidies into an unprecedented $11.1 billion equity stake in Intel.
- By acquiring 433.3 million Intel shares at $20.47 each, the U.S. government bought non‑voting stock totaling about $8.9 billion and gained an immediate on‑paper $1.9 billion.
- Market reaction was cautious as Intel's shares dipped 0.44% to $24.69, while Scott Lincicome warned that political pressures could influence decisions and Intel's securities filing flagged risks to grants and sales.
- Following prior strategic investments, White House advisers framed the Intel move as a step toward a U.S. sovereign wealth fund, signaling more transactions like those with Nvidia, MP Materials, and Nippon Steel may follow.
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After US takes stake in Intel, Trump pledges ‘many more’ deals - West Hawaii Today
WASHINGTON — Three days after the United States agreed to acquire a stake in the chipmaker Intel, President Donald Trump signaled Monday that he would pursue similar investments in other major companies, describing his new economic strategy as an attempt to “get as much as I can.”
After US takes stake in Intel, trump pledges ‘many more’ deals - Hawaii Tribune-Herald
WASHINGTON — Three days after the United States agreed to acquire a stake in the chipmaker Intel, President Donald Trump signaled Monday that he would pursue similar investments in other major companies, describing his new economic strategy as an attempt to “get as much as I can.”
Trump’s federal stake in Intel prompts GOP complaints
President Trump’s announcement that the federal government would take a 10 percent stake in Intel, once the nation’s most successful chip manufacturer, has raised alarm bells with conservative Republicans, who see it as part of a bigger trend under Trump of the federal government asserting itself in corporate decisionmaking. Trump announced his agreement with Intel…
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