Trump Administration Seeks Stake in Intel

Potential Acquisition: The Trump administration may seek a stake in Intel. Although Intel has recently faced challenges in delivering rewarding returns to its shareholders, it may soon find itself under additional government scrutiny. Reports indicate that the current administration is in talks with the US government to acquire a stake in the leading chip manufacturing company.

Details of the Proposed Acquisition

Initial Reports: Initially, Bloomberg reported the news without details on the size or value of the potential stake the government wished to acquire. Later, new reports from Bloomberg and The New York Times indicated that the Trump administration is seeking to acquire a 10 percent stake in Intel, as part of its efforts to support the vital domestic chip industry.

Potential Conversion of Grants and Economic Impact

CHIPS and Science Act: The administration is considering converting $10.86 billion in federal grants received by Intel under the US CHIPS and Science Act into equity stakes instead. This act aims to boost domestic semiconductor production, support research and development, and create jobs to ensure US leadership in the chip industry and protect national security (Source). The matter is still in its early stages, and the White House is still determining the exact size of this stake. Intel had announced plans in 2022 to establish a major semiconductor manufacturing facility in Ohio when Pat Gelsinger was leading the company. Since then, the project has faced some delays, and in its latest quarterly earnings report, Intel executives stated that the company will «slow the pace» of its Ohio constructions, in addition to canceling other international construction plans and reducing its workforce.

Administration and Intel's Stance

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