Senior White House officials are considering converting CHIPS Act grants into roughly a 10% ownership stake, which would make the U.S. government the largest single shareholder in Intel. The proposal would change public-private partnership rules and aim to revive a struggling chipmaker. Intel shares have fallen over 60% from their 2021 peak following AI-era missteps, manufacturing delays, and substantial market share losses to competitors. The company now trades near dot-com bust levels and has posted six consecutive quarterly losses, prompting warnings of deeper layoffs. Administration leaders frame the move as both a national security measure to reduce Taiwan dependence and as taxpayer equity for subsidies; the proposal coincided with further stock declines and public criticism of Intel’s CEO.
Senior officials inside the White House are weighing a plan that would make the United States government the largest single shareholder in . This would convert billions of dollars in CHIPS Act grants into roughly a 10% stake. The scheme would not only rewrite the rules of public-private partnership , but it may also pluck a battered Silicon Valley icon back from the brink of doom.
INTC stock is down by over 60% from its 2021 peak due to blunders during the AI boom, repeated manufacturing delays, and a severe loss of market share to and . The chipmaker now trades at levels last seen during the dot-com bust, and management has already warned of more serious layoffs after posting six straight quarterly losses . The Trump administration sees both a national security imperative and a political opportunity.
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