The Trump administration is reportedly considering using funds from the US Chips Act to acquire a stake in Intel. Discussions are in early stages, but the plan could involve converting existing Chips Act grants into equity, allocating new funding, or combining Chips Act money with other financing.
Intel has already been designated as the largest recipient of Chips Act funding, with $7.9 billion in grants for commercial semiconductor manufacturing and up to an additional $3 billion for the Pentagon's Secure Enclave program. They can also access up to $11 billion in loans. The current proposal is focused on developing Intel's Ohio hub.
The possibility emerged after a meeting between Intel CEO Lip-Bu Tan and President Trump. The White House has stated that discussions about hypothetical deals should be regarded as speculation unless officially announced by the administration.
