Overview

• Trump said Intel agreed to the stake after a White House meeting with company representatives, while offering no further terms.
• The equity would be provided as consideration for subsidies exceeding $10 billion that were previously pledged, roughly matching that amount.
• Commerce Secretary Howard Lutnick has proposed issuing non-voting shares to prevent direct influence over Intel’s decisions.
• Intel shares rose more than six percent in intraday trading following the president’s remarks.
• Intel has not issued an immediate comment, and the company is contending with a $18.8 billion net loss in 2024 and intensified competition from Nvidia in AI chips.