Overview

• President Donald Trump announced that Intel agreed to grant the U.S. government a 10% equity stake by converting previously committed CHIPS Act subsidies, with officials saying the shares would be non‑voting.
• A White House official told CNBC that talks with Intel are ongoing and no explicit final agreement has been reached yet, with Trump and CEO Lip‑Bu Tan expected to meet to discuss terms.
• Media reports valued the prospective stake at roughly $8.9 billion to $10 billion, and Intel’s stock closed up about 5.5% following the announcement.
• Company communications were inconsistent across outlets, with Intel declining comment in some coverage while another report cited a joint statement indicating no board seat and a commitment to align shareholder votes with management in most cases.
• SoftBank separately announced a $2 billion investment to lift its holding in Intel to about 2%, as the administration extends a broader industrial policy that includes revenue‑sharing terms on Nvidia and AMD exports to China.