The U.S. government acquired a 10% stake in Intel, converting previously awarded grants into equity, a move hailed by President Trump despite his past criticism of the CHIPS Act. This $8.9 billion investment aims to bolster Intel’s finances and foundry business, though legal challenges and market competition remain concerns. The U.S. government acquired a 10% stake in Intel, converting previously awarded grants into equity, a move hailed by President Trump despite his past criticism of the CHIPS Act. This $8.9 billion investment aims to bolster Intel’s finances and foundry business, though legal challenges and market competition remain concerns.
