Saralnama
Intel has agreed to sell a 10 percent stake to the US government, valued at approximately $10 billion, following discussions between President Donald Trump and Intel CEO Lip-Bu Tan. The deal, announced by Trump, is part of a broader strategy to leverage CHIPS Act funding, with the government’s investment funded by previously awarded grants under the CHIPS and Science Act and the Secure Enclave program. The US aims to acquire stakes primarily in chipmakers that do not commit to increasing domestic investments, while companies like TSMC, which are expanding US operations, are not targeted. Intel’s board approval is expected, though concerns remain about potential legal and business impacts. The administration’s announcement marks one of the largest government interventions in a US tech company since the 2008 auto industry bailout. Critics have raised concerns about possible long-term effects on the economy and US technological leadership if government involvement in private companies increases. Intel has not yet commented on the deal, and further details are anticipated from the Trump administration. (Updated 23 Aug 2025, 02:36 IST; source: link)