The Trump administration is exploring a deal where the US government could acquire a 10% stake in Intel, according to White House press secretary Karoline Leavitt. This move is part of an effort to bolster national security and economic competitiveness, particularly in the fast-growing AI chip market.
Commerce Secretary Howard Lutnick indicated that the government is considering exchanging grants for Intel shares, rather than issuing grants without direct returns. The deal would support Intel’s plan to build a flagship chip manufacturing hub in Ohio, previously funded under the CHIPS Act during the Biden administration.
Meanwhile, SoftBank announced a $2 billion investment in Intel, helping boost Intel shares nearly 7% on Tuesday.
