Overview

• Commerce Secretary Howard Lutnick confirmed the U.S. now holds roughly 9.9–10% of Intel, describing the arrangement as a fair deal for the company and taxpayers.
• The purchase uses about $8.9 billion in previously authorized but withheld funding, with Intel saying the per‑share price is approximately $20.47.
• The government’s shares carry no voting rights, leaving Intel’s management in control of operational decisions.
• The agreement includes a five‑year option for the U.S. to buy an additional 5% at $20 per share if Intel’s ownership of its fabrication business drops below 51%.
• Intel shares rose about 5.5–6% after the announcement, as the company continues to navigate steep losses and canceled expansion plans such as the Magdeburg fab.