The Trump administration is considering a 10% stake in Intel, potentially making it the chipmaker's largest shareholder. This could involve converting some or all of Intel's $10.9 billion in CHIPS Act grants into equity. While Intel's stock initially rallied on the news, the plan's viability remains uncertain, with neither Intel nor the White House commenting. This potential move reflects the administration's broader interest in creating government-backed national champions in key industries, despite President Trump's previous criticism of the CHIPS Act.

Prepared by Christopher Adams and reviewed by editorial team.