Overview

• A White House official told CNBC that discussions with Intel are ongoing, nothing has been decided, and CEO Lip‑Bu Tan has not explicitly agreed.
• Trump characterized the prospective stake at about 10% and roughly $10 billion in value.
• Commerce Secretary Howard Lutnick said the approach would convert previously committed CHIPS Act funding into equity and that any stake would be nonvoting.
• Intel shares rose about 6% after Bloomberg reported the administration was poised to announce a government stake.
• SoftBank separately committed $2 billion—about 2% of Intel—earlier this week, adding private capital to the company’s efforts.