Overview

• Commerce Secretary Howard Lutnick said the administration is pursuing an ownership position of about 10% in Intel, confirming the intent while noting talks and structuring details are still underway.
• The government is considering swapping roughly $10.9 billion in Chips Act support for equity, which reports say would make the United States Intel’s largest shareholder.
• SoftBank agreed to buy $2 billion of newly issued Intel stock at $23 per share, taking an estimated 2% position as a strategic bet on U.S. semiconductor manufacturing.
• Intel shares jumped more than 10% in early U.S. trading after the announcements, extending gains that followed confirmation of SoftBank’s purchase.
• Reuters reports officials are also examining equity‑for‑subsidy options with other chipmakers such as Micron, TSMC and Samsung, while Intel continues to grapple with losses, layoffs and shelved projects.