White House Takes 10% Stake in Intel: A Turning Point in US Semiconductor Strategy

On August 22, US President Donald Trump and Intel announced that the chipmaker had agreed to give the government a 10% stake. Under the agreement, the US government will receive 433.3 million common shares, or 9.9% of Intel's shares, for a total value of $8.9 billion, equivalent to $20.47 per share.

The price is about $4 lower than the stock’s closing price on August 22. Of the $8.9 billion in government funding, $5.7 billion is unspent funding from the CHIPS and Science Act, a landmark law passed during former President Joe Biden’s term, along with $3.2 billion from the Secure Enclave program. Intel said it has also received $2.2 billion in funding from the CHIPS Act, bringing the total to $11.1 billion.

Commerce Secretary Howard Lutnick said the historic deal solidifies America's leadership in semiconductors and is "fair to Intel and the American people."

Mr. Trump said the government did not pay any money for the shares after negotiations with Intel CEO Lip-Bu Tan. Meanwhile, Intel said the government only has a passive ownership of the chipmaker, with no board seats, no executive rights or special access to information.

Intel is one of Silicon Valley's most iconic companies, but has lost ground to Asian giants TSMC and Samsung.

In a statement, Mr. Tan said Intel is committed to ensuring the world's most advanced technology is made in the United States. The corporation is investing more than $100 billion to expand its factories in the United States.

The new agreement eases tensions between Mr Trump and the Intel CEO, after the White House boss recently called for Mr Tan to resign over his ties to Chinese businesses.

In July 2025, Mr. Tan said Intel had canceled plans to build in Germany and Poland. The company has also slowed construction in Ohio and is closely monitoring spending. Last month, Intel announced that plans to lay off 15% of its workforce were almost complete./.

Source: https://www.vietnamplus.vn/nha-trang-nam-10-co-phan-intel-buoc-ngoat-trong-chien-luoc-ban-dan-cua-my-post1057442.vnp