Summary
The Trump administration is seeking to obtain a 10% stake in Intel, a major chip manufacturer, by converting federal grants into Intel stock. This move would make the U.S. government one of Intel's largest shareholders, following SoftBank's recent investment in the company. The administration's interest in Intel is part of a broader effort to increase U.S. chip production.
Key Facts
- The U.S. government wants to acquire a 10% stake in Intel.
- This stake would be obtained by converting federal grants into stock.
- The deal is part of efforts to enhance U.S. chip manufacturing.
- Commerce Secretary Howard Lutnick confirmed the negotiations.
- SoftBank plans to invest $2 billion for a 2% stake in Intel.
- Intel's stock rose after SoftBank and the U.S. government's interest became public.
- The Trump administration seeks to boost U.S. technology self-sufficiency.
