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U.S. officially takes 10% stake in Intel
Published Fri, Aug 22 2025

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a
meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. President Donald Trump said members of his Cabinet would continue
discussions with Tan in the coming days after meeting with the Intel Corp. chief executive officer at the White House on Monday. Photographer: Alex Wroblewski/Bloomberg via Getty Images
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a
meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images

Commerce Secretary Howard Lutnick said on Friday that the U.S. government
has taken a 10% stake in Intel, the embattled chipmaker that is the only American company capable of making advanced chips on U.S. soil.


A representative for Intel didn’t immediately respond to a request for
comment on Lutnick’s social media post.

Earlier on Friday, President Donald Trump said the government should get
about 10% of the company, which has a market cap of just over $100 billion.

“They’ve agreed to do it and I think it’s a great deal for them,” Trump
told reporters Friday at the White House

White House officials previously told CNBC that Trump and Intel CEO Lip-Bu
Tan will meet on Friday afternoon. Lutnick’s post included a photo with
Tan.


The move would mark the latest example of a distinct shift in U.S.
industrial policy, with the government taking an active role in corporate America. Lutnick told CNBC this week that the U.S. government was seeking
an equity stake in Intel in exchange for CHIPS Act funds.

“We should get an equity stake for our money,” Lutnick said on CNBC’s
“Squawk on the Street.” “So we’ll deliver the money, which was already committed under the Biden administration. We’ll get equity in return for
it.”

Lutnick said that the government’s stake would be “nonvoting.”

Earlier this week, Intel announced another major backer, when SoftBank said
it would make a $2 billion investment in the chipmaker, equal to about 2%
of the company.

Intel’s technology is seen as lagging Taiwan Semiconductor Manufacturing Company

, which makes chips for companies including Apple, Nvidia, Qualcomm, AMD,
and even Intel.

Intel has been spending billions of dollars to build a series of chip
factories in Ohio, an area the company previously called the “Silicon Heartland,” where Intel would be able to produce the most advanced chips, including for AI.

But in July, Tan said in a memo to employees that there would be “no more
blank checks,” and that it was slowing down the construction of its Ohio factory complex, depending on market conditions. Intel’s Ohio factory is
now scheduled to start operations in 2030.

Intel said last fall that it had finalized a nearly $8 billion grant under
the CHIPS and Science Act to fund its factory-building plans. The CHIPS Act
was passed in 2022, under the Biden administration.

— CNBC’s David Sucherman contributed to this report.

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