The Trump administration is pursuing a 10% stake in Intel, converting existing government grants into stock. This unusual deal, confirmed by Commerce Secretary Howard Lutnick, follows Trump's earlier attempt to oust Intel's CEO. The investment aims to benefit the U.S. and boost domestic chip production, a goal also pursued by the CHIPS and Science Act. Intel's recent struggles make this a risky investment, though the government would hold non-voting shares. This follows a recent $2 billion investment from SoftBank, boosting Intel's stock price.

Prepared by Christopher Adams and reviewed by editorial team.