White House announces chipmaker Intel to give US government 10% stake
Published: 8/22/2025
Intel to give US government 10% stake in company in historic agreement, strengthening US semiconductor leadership. The $8.9 billion investment comes from previously awarded grants, including funds from the CHIPS Act under President Biden. Intel CEO Lip-Bu Tan emphasized commitment to American-made technologies amid competition with Nvidia and recent controversies involving ties to China.
