Fri, 22 Aug 2025

Fri, 22 Aug 2025 White House announces chipmaker Intel to give US government 10% stake

President Trump earlier said the company's CEO agreed to the deal in a recent meeting at the White House.

* The US government will take a 10% stake in Intel, with an investment of $8.9bn.
* The funds come from grants that were previously awarded but not yet paid, including those promised under the CHIPS and Science Act.
* Intel CEO Lip-Bu Tan said the deal "strengthens US leadership in semiconductors" and ensures that advanced technologies are made in America.
* The move is part of President Trump's focus on boosting US chip manufacturing and comes amid concerns about Nvidia's dominance in the industry.
* Intel has struggled to build out its chip capacity and has fallen behind rival Nvidia, whose market cap has soared past $4tn.
* The deal follows accusations from President Trump that Intel CEO Lip-Bu Tan has problematic ties to China, which Tan denies.
* This is a rare move for the US government to take an equity stake in a private company, but not without precedent (e.g. General Motors during the 2008 financial crisis).
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