US takes 10% stake in Intel, Trump admin says
NBCNEWS.COM
'10%'
SUMMARY

The Trump administration has seized a 10% stake in Intel, converting $10.9 billion in CHIPS Act grants into equity, making the government a major shareholder. Commerce Secretary Howard Lutnick announced, “BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies.”

This unprecedented move, finalized after Trump’s hint on August 22, 2025, prioritizes national security by securing domestic chip production amid tensions with China. Intel, valued at $108 billion, struggles with a 60% share drop from pandemic highs and lags in the AI chip boom.

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