Overview

• Bloomberg reported White House officials are exploring converting some or all of Intel’s CHIPS Act grants into a roughly 10% stake valued at about $10 billion.
• The equity discussions followed a White House meeting in which Trump called his conversation with Intel CEO Lip-Bu Tan “very interesting.”
• Reuters was unable to verify the Bloomberg report and said neither Intel nor the White House responded to requests for comment on the proposal.
• Analysts and rival foundries including TSMC and Samsung warn a government stake could channel US tech orders to Intel and weaken foreign competitors.
• Intel’s foundry arm has posted cumulative losses of roughly $19.6 billion since early 2022 and its Ohio fab timeline has slipped from 2025 to around 2030, intensifying calls for federal support.