Intel Corporation

Trump Converts CHIPS Act Grants to Government Equity Stake in Intel

2025-08-19 00:00:00 +0000 UTC | Importance: 8/10

Commerce Secretary Howard Lutnick announced the U.S. government would take a 10% equity stake in Intel worth $8.9 billion, converting previously committed CHIPS Act grants into government ownership. SoftBank simultaneously invested $2 billion, purchasing 2% of Intel. The equity-for-funding model …

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Trump Demands Intel CEO Resignation, Then Reverses After Meeting

2025-08-11 00:00:00 +0000 UTC | Importance: 7/10

Trump demanded Intel CEO Lip-Bu Tan resign immediately over alleged China ties, claiming he is ‘highly conflicted’ due to $200 million in investments in Chinese semiconductor firms. Days later, Trump reversed course after meeting Tan, calling his ‘success and rise an amazing …

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