US in talks over 10% Intel stake, White House confirms
Published: 8/20/2025
The White House confirms talks for a 10% stake in Intel to boost national security and the economy. The potential deal could aid Intel's competition against Nvidia, Samsung, and TSMC in the AI chip market. US Commerce Secretary Howard Lutnick suggests swapping government grants for Intel shares. Softbank's $2bn stake purchase in Intel signals confidence in the company's revival. Experts warn political involvement could impact Intel's turnaround and priorities. The US chip industry, including Nvidia and AMD, is under close White House scrutiny.
