The Trump administration is considering taking a roughly 10% equity stake in Intel by converting federal grants from the CHIPS and Science Act into shares, a move that could make the government the company’s largest shareholder. Officials said the stake would be non-voting and carry no management influence but would allow taxpayers to benefit more directly from federal investments in domestic chipmaking.

The talks come a week after CEO Lip-Bu Tan’s visit to the White House. The potential deal also follows a $2 billion investment in Intel by Japan’s SoftBank, underscoring heightened interest in shoring up U.S. chip production amid growing national security concerns. 8/20/2025