FX.co ★ Trump Administration in Talks to Take 10% Stake in Intel

The Trump administration is reportedly contemplating acquiring approximately a 10% stake in Intel Corp., as stated by a White House official and others with knowledge of the situation, according to Bloomberg News. This strategic move could position the U.S. government as the largest shareholder of the challenged chipmaker. The federal government is exploring the possibility of an investment in Intel, potentially by transforming a portion or all of the company's grants from the U.S. CHIPS and Science Act into equity, according to sources familiar with these confidential discussions. Intel is scheduled to receive a total of $10.9 billion in CHIPS Act grants for both commercial and military production.