Trump Says 10% Stake In Intel Is A Done Deal: 'I Think It's A Great Deal For Them'
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President Trump announced that Intel has agreed to give the government a 10% stake, causing Intel's stock to rise over 6%. However, discussions are ongoing, and no final decision has been made. The potential investment reflects a shift in U.S. industrial strategy, with the government seeking equity in return for support under the CHIPS Act. Intel is the only U.S. company capable of producing advanced semiconductors domestically but is currently behind TSMC. The company is investing heavily in new factories in Ohio to enhance its production capabilities.
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