US EditionUS Converts CHIPS Funds Into Nearly 10% Intel Stake After White House Deal
- On Friday, President Donald Trump revealed that the U.S. government acquired a 10% ownership share in Intel by obtaining 433.3 million non-voting shares valued at $20.47 each.
- The stake resulted from converting $11.1 billion in previously allocated government funds and pledges under programs started by the Biden administration to boost domestic chip manufacturing.
- Intel is a struggling Silicon Valley company led by CEO Lip-Bu Tan, who faced criticism and calls for resignation earlier in August amid concerns over past Chinese investments.
- Commerce Secretary Howard Lutnick emphasized that the United States should reap the rewards from the agreement, while Tan commended Trump's efforts in fostering significant investments within a key sector.
- The government's stake, acquired without new spending and without board seats or voting rights, signals hope for Intel’s comeback but raises concerns about government influence and industry impacts.
270 Articles
270 Articles
The US-Intel investment is a rare kind of deal. Trump says he wants more of them.
President Donald Trump wants his deal with Intel to be the first of many of such agreements.Jacquelyn Martin/APIntel likely won't be the last company the US takes a stake in.Donald Trump and his team have made clear that the these types of agreements will happen more often.On Monday, Trump called people who doubt such agreements "stupid."President Donald Trump says he's just getting started as the nation's financial advisor.On Monday, Trump and …
Trump’s Intel Deal: Socialist Control and Corporate Tie - National File
President Donald Trump announced on Friday evening, August 22, 2025, that the federal government has acquired a 10% stake in Intel, a decision he framed as a win for America but one that has left many conservatives, including Rand Paul and Thomas Massie, frustrated, viewing it as an unsettling move toward government involvement in private business. Why it matters:This acquisition, facilitated by Trump and Commerce Secretary Howard Lutnick, marks…
Donald Trump aims to make more deals like Intel 10% stake acquisition, says ‘love seeing their stock price go up…’
Donald Trump on Monday, 25 August 2025, said that he is interested in making similar deals like that of Intel's 10% stake acquisition for the interest of the United States. Intel is set to receive $8.9 billion from the US government in exchange for 9.9% stake in the chipmaker.
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