Overview

• Treasury will purchase shares at $20.47 each under terms negotiated with CEO Lip-Bu Tan.
• The stake carries no board seats or special rights, and the government will vote with Intel’s board.
• SoftBank disclosed an approximately 2% position, signaling private investor interest alongside the federal buy.
• Intel shares rose about 5.5% after the announcement as President Trump said it would be the first of similar interventions.
• The deal comes after Intel’s setbacks, including a $13 billion operating loss in 2024, continued cash burn in early 2025, and delays at projects such as its Ohio fab.