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US Government Takes 10 Percent Stake in Intel

The White House had been seeking an equity stake in the company in exchange for the almost $11 billion in grants from the CHIPS and Science Act.
US Government Takes 10 Percent Stake in Intel
Intel headquarters seen in Santa Clara, Calif., on Aug. 1, 2024. Justin Sullivan/Getty Images
Andrew Moran
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The White House announced on Aug. 22 that the U.S. government now officially holds a 10 percent stake in struggling chipmaker Intel.

Commerce Secretary Howard Lutnick announced the deal on X.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."