Overview

• Commerce Secretary Howard Lutnick said the United States now owns 10% of Intel after President Trump negotiated the arrangement with CEO Lip‑Bu Tan.
• Intel disclosed that the government invested $8.9 billion to buy about 433.3 million shares at $20.47 each, equal to roughly a 9.9% stake.
• The company said the purchase draws on $5.7 billion from CHIPS Act awards and $3.2 billion from the Defense Department’s Secure Enclave program, totaling $11.1 billion in support when combined with prior grants.
• Intel described the position as passive common stock with no board seat and noted the government agreed to vote with the board on shareholder matters, with limited exceptions.
• Intel shares rose about 6% on the news, and analysts cast the move as a rare federal ownership step, with Trump indicating he may pursue similar deals with other firms.