Trump Administration Weighs Investment in Intel with Chips Act Funds

The Trump administration is exploring the possibility of acquiring a significant portion of Intel, potentially owning up to 10% of the company’s shares. Sources close to the matter have revealed this plan, which involves utilizing funds from the recently passed U.S. Chips and Science Act to fund the investment. The act allocated $10.9 billion to Intel for commercial and military manufacturing efforts. This financial package would readily cover the acquisition. Based on Intel’s current market capitalization, a 10% stake in the company is valued at approximately $10.5 billion.