Saturday, 23 August, 2025
U.S. Government Takes 10% Stake in Intel via $8.9B CHIPS Act Conversion, Trump Announces
President Trump revealed that the U.S. will acquire a 9.9% stake in Intel—valued at approximately $8.9 billion—through conversion of CHIPS Act grants into equity. The passive investment grants taxpayers potential upside without board representation, complemented by a five-year warrant for another 5% if Intel loses control of its foundry unit. The move underscores the administration’s intervention to revive domestic semiconductor manufacturing and support the struggling chipmaker.
Read full story at Economic Times