The Trump administration is in talks to secure a 10% stake in Intel in exchange for converting government grants that were pledged to Intel under President Joe Biden. If the deal is completed, the U.S.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

The industry looks very different from when Intel was the clear leader. Nvidia and AMD dominate AI and data centers, while TSMC is the dominant foundry. Intel is now cast as the underdog.

President Donald Trump on Aug. 7 called for Intel CEO Lip Bu Tan to resign, accusing him of being “highly conflicted” over reported investments in Chinese semiconductor firms. The remarks, expressed via a post on his Truth Social network,

Government Stake in Intel Sparks Surge Reports yesterday that the Trump administration is exploring a potential equity stake in Intel (NASDAQ:INTC), a move that could significantly reshape U.S. semiconductor policy,

By Rashika Singh and Arsheeya Bajwa (Reuters) -Intel shares rose nearly 3% on Friday on hopes of more financial aid for the turnaround of the struggling chipmaker after a report that the U.S. government may buy a stake.

A week after calling Intel’s CEO “conflicted,” Trump met with him. Now the U.S. is reportedly exploring a stake in the chipmaker.

If it were to happen, Treasury Secretary Scott Bessent said the US wouldn't pressure companies to buy Intel chips. A possible deal would be for the US to exchange $10.9 billion in grants for a stake.