The US government is in discussions with Intel to acquire an equity stake in the chipmaker. This move aims to convert grants allocated under the Chips and Science Act into equity. The government's investment seeks to bolster domestic chip production and reduce reliance on foreign manufacturers.
Commerce Secretary Howard Lutnick confirmed that the potential equity stake would not grant the US government governance or voting rights within Intel. The goal is to ensure American taxpayers benefit from the financial support provided to the company. The proposed investment could make the US government one of Intel's largest shareholders.
This initiative reflects a broader strategy to strengthen the US semiconductor industry and enhance national security by fostering domestic chip manufacturing. The discussions follow SoftBank's recent $2 billion investment in Intel, signalling renewed investor interest in the company.
