Overview

• Bloomberg reports the Trump administration is negotiating to convert CHIPS-era support into roughly a 10% equity stake in Intel.
• If completed, the federal government would likely become Intel's largest shareholder, though the conversion method remains unresolved and some funds have already been paid.
• The subsidies in question total about $10.9 billion, spanning planned expansions in Arizona and Ohio and defense-linked semiconductor production.
• SoftBank confirmed an agreement to buy $2 billion of Intel common stock at $23 per share, equating to roughly a 2% stake.
• The reported plan is framed as an effort to expand domestic semiconductor manufacturing for national security as Intel contends with prolonged weak performance.