U.S. government to acquire $8.9B (9.9%) stake in Intel
U.S. government to acquire $8.9B (≈9.9%) stake in Intel President Donald Trump and Intel reached an agreement for the U.S. government to invest $8.9 billion to acquire approximately a 9.9% stake in Intel common stock at $20.47 per share. The investment is described as passive with no board representation; Intel says the government agreed to vote with the company's board on shareholder matters with limited exceptions. Key facts Investment: $8.9 billion (≈9.9% of Intel common stock) Price: $20.47 per share Funding sources: $5.7B from previously earmarked CHIPS Act funds and $3.2B from the Secure Enclave program Prior CHIPS grants: Intel had already received $2.2B in CHIPS grants, bringing total government support to $11.1B Governance: Common stock (voting rights); Intel calls the investment passive with no board seat and an agreement…