Trump Administration Exploring 10% Intel Stake via Chips Act Funding

The Trump administration is actively considering acquiring a 10% stake in Intel Corp., potentially using portions of the Chips and Science Act grants as leverage for this move. This proposal, currently in confidential negotiations with Intel, aims to bolster the US semiconductor sector. The potential acquisition comes amid market uncertainty, resulting in Intel’s share price dropping by 5.5%. No official statements have been released yet from either Intel or White House officials regarding the specifics of this potential investment.