Overview

• President Donald Trump said Intel agreed to grant the government a 10% stake after his meeting with CEO Lip‑Bu Tan last week.
• The administration and Intel issued statements describing no board seat for the government and a commitment to vote with current management with limited exceptions.
• Officials said the stake would be obtained by converting previously committed CHIPS Act funding into shares, a rare use of federal industrial policy.
• Formal signoffs and detailed legal terms remain pending, according to reporting that cites administration sources.
• Intel shares rose about 5.5% on the news, while SoftBank disclosed earlier in the week that it added roughly $2 billion to its Intel position.