US government takes 10% stake in Intel

The U.S. government has acquired a 10% stake in Intel, a significant move by the Trump administration to increase federal control over a major technology company. This acquisition, valued at approximately $11 billion, is funded by existing grants from the CHIPS and Science Act and the Secure Enclave program. The U.S. will not seek board representation but will vote with Intel's current board on most shareholder matters. The move occurs amid a global race for AI dominance and aims to bolster U.S. control over semiconductor production, a critical national security interest. Intel's stock has faced challenges recently, but this partnership signals a strategic investment in advanced technology.