Intel reached a deal with the Trump administration, where the government will receive a 10% stake in the company. This isn't new money, but rather previously awarded grants totaling $8.9 billion from the CHIPS Act and Secure Enclave programs. Trump claims the U.S. paid nothing for the shares, despite previously criticizing the CHIPS Act. However, legal challenges are possible as the CHIPS Act might not allow this grant-to-equity conversion. Intel's CEO expressed gratitude for the administration's confidence, emphasizing the investment's passive nature.

Prepared by Christopher Adams and reviewed by editorial team.