Overview

• President Trump said Intel agreed to give the U.S. roughly a 10% stake valued at about $10 billion and signaled he wants similar deals with other firms.
• A White House official told CNBC that discussions with Intel are ongoing and not finalized, and Intel’s CEO has not explicitly agreed; the company declined to comment.
• Commerce Secretary Howard Lutnick said the contemplated stake would be nonvoting and tied to converting previously committed CHIPS funds into equity.
• Intel shares rose about 6%–7% following the reports and presidential comments, days after SoftBank committed a $2 billion investment in the chipmaker.
• The development follows Trump’s August 11 meeting with CEO Lip‑Bu Tan after public calls for his resignation and comes as Intel works through steep losses and delayed U.S. fab plans.