The Latest Breaking News from LipBu Tan

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

The extraordinary development follows a meeting between CEO Lip-Bu Tan and Trump after he called for Tan’s removal.

The US government now owns nearly 10% of Intel after an $8.9 billion deal, combining CHIPS Act funding and national security grants — here’s why it matters for America’s chip strategy.

The Trump administration is moving to convert billions in CHIPS Act subsidies into a 10% equity stake in Intel. The first-of-its-kind deal would make Washington the company’s largest shareholder and signal a new era of direct government ownership in Silicon Valley.

The U.S. wants to get 10% of Intel in exchange for the billions of dollars it’s giving it under the CHIPS Act.

Commerce Secretary Howard Lutnick said the Trump administration plans to convert federal funding pledged to Intel Corp. (NASDAQ:INTC) under the CHIPS Act into an equity stake, arguing that taxpayers deserve a return instead of providing “giveaways to rich companies.”

Intel Corp's (NASDAQ:INTC) relationship with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) soured years back — and it all traces back to comments that left TSMC's legendary founder unimpressed.

SoftBank invested $2 billion into Intel today, but before that they considered buying the company's foundry division outright. Softbank, who already owns ARM, would've likely been blocked over monopolistic concerns, but CEO Masayoshi's relationship with Trump might've easedlocalapproval.

Donald Trump's relationship with Intel Corp (NASDAQ:INTC) has flipped almost overnight. After calling the chipmaker "a disaster" last year, the president is now touting it as a national champion — right as the stock begins to claw its way back.

Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday after it was announced that Softbank will invest $2 billion in the company.

SoftBank has secured a $2 billion deal with Intel, and the Trump Administration might also want a slice of the pie.