|
Getting your Trinity Audio player ready...
|
Washington, D.C. — The U.S. government has officially secured a 10% equity stake in Intel Corp., solidifying its position as the chipmaker’s third-largest shareholder. The move, confirmed Friday by President Donald Trump, marks a rare and substantial federal intervention in a major American corporation.
The agreement, already accepted by Intel, is part of a broader effort to bolster domestic semiconductor production under the CHIPS and Science Act. The stake—valued at approximately $10 billion—will be non-voting, allowing the government to benefit financially without exerting influence over Intel’s strategic decisions.
Administration officials described the deal as a “strategic partnership” aimed at safeguarding national interests in advanced chip manufacturing. Intel has not issued a formal statement, though its stock surged following the announcement.
