The White House is contemplating a deal to acquire a 10% equity stake in Intel in exchange for $10.9 billion in grants as part of the CHIPS Act. Treasury Secretary Scott Bessent stated that if the deal occurs, there would be no pressure on companies to purchase Intel chips. Commerce Secretary Howard Lutnick stressed the importance of ensuring American taxpayers receive benefits for their financial investment, aligning with Trump's perspective on gaining equity from the arrangement. Intel is also receiving a $2 billion investment from SoftBank.
The potential deal would allow the US to exchange $10.9 billion in grants for a 10% equity stake in Intel, making taxpayers the largest shareholders.
Treasury Secretary Scott Bessent confirmed that if a stake is acquired, the government would not pressure companies to buy Intel chips, ensuring a fair market.
Commerce Secretary Howard Lutnick emphasized the need for the US to receive benefits for its financial contributions, advocating for equity in exchange for government grants.
Trump's administration maintains that acquiring a stake in Intel is not about exerting influence but ensuring American taxpayer interests are prioritized.
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