The Trump administration is exploring a novel approach to bolstering US semiconductor manufacturing, potentially acquiring a 10% stake in Intel through the CHIPS Act. This move comes as part of efforts to onshoring chip production amidst global supply chain tensions. 10% equity conversion from the $10.9 billion CHIPS Act grant is currently being discussed. The move signifies a significant shift towards increased government involvement in the tech sector, with SoftBank acquiring less than 2% for $2 billion, highlighting confidence despite US intervention talks. These actions could lead to an unprecedented level of government influence on major technology companies like Intel.