Overview

• Trump said companies seeking approvals or support must offer concessions, calling the strategy "business" and promising to pursue additional stakes.
• The U.S. last week took about a 10% position in Intel by converting CHIPS support, unlocking $8.9 billion in previously pledged subsidies after $2 billion already paid.
• Intel and AMD currently give 15% of China-related chip sales to the U.S. government as a condition for export licenses, and Trump said he initially pushed for 20%.
• Intel disclosed the government received voting shares that must be held at least a year and be cast in line with management recommendations, while warning of possible overseas restrictions tied to state ownership.
• Critics including former Vice President Mike Pence called the Intel move a break from U.S. free‑market norms, as Trump claimed the stake had "earned" the country $10–11 billion in market value.