The U.S. authorities plans to take a ten% stake in Intel, President Donald Trump informed reporters Friday. Bloomberg was first to report the information, which pushed the semiconductor chip firm’s top off greater than 7%. Trump mentioned Intel has agreed to the proposal.
Intel declined to remark.
The information comes throughout a pivotal — and just lately unstable — time for Intel. CEO Lip-Bu Tan is at the moment restructuring the chipmaker, shuttering sure divisions and shedding staff in a bid to give attention to its core companies and catch as much as rivals like Nvidia.
Earlier this month, Trump pushed Tan to resign due to perceived conflicts of curiosity. Tan later met with Trump to search out out a strategy to assuage the president and determine methods for the corporate and authorities to work collectively.
Whereas chatting with the White Home press pool, Trump acknowledged the resignation push.
“I mentioned properly if that’s proper he ought to resign and he got here in and he noticed me we talked for some time. I preferred him so much.,” Trump mentioned in response to emailed feedback from the press pool. “I assumed he was superb. I assumed he was considerably a sufferer however you already know no person’s a complete sufferer I suppose, and I mentioned, you already know what, I feel the USA needs to be given 10% of Intel. And he mentioned, I’d think about that. I mentioned, properly, I’d such as you to try this as a result of Intel’s been left behind as, you already know, in comparison with Jensen. And a few of our associates Nvidia.”
Trump continued, “I mentioned I feel it could be good having the USA as your associate. He agreed. And so they’ve agreed to do it and I feel it’s an ideal deal for them and I feel it’s an ideal deal.”
Techcrunch occasion
San Francisco
|
October 27-29, 2025
Such federal authorities possession of a significant company would mark a dramatic departure from longstanding U.S. coverage. Authorities fairness stakes in non-public corporations are extraordinarily uncommon within the U.S. and extremely controversial, with notable exceptions occurring throughout the 2008-2009 monetary disaster when the federal government took short-term possession stakes in corporations like Basic Motors, AIG, and some main banks to stop financial collapse.
The federal government systematically offered these stakes again to non-public buyers over the next a number of years.
The Intel deal, which is anticipated to be introduced later Friday, comes days after the Japanese conglomerate SoftBank agreed to make a $2 billion funding in Intel. That deal was couched as a dedication to superior know-how and semiconductors within the U.S.. Below that settlement, SoftBank agreed to purchase Intel frequent inventory at $23 per share. Intel shares had been buying and selling round $25 on Friday afternoon.
TechCrunch has reached out White Home for remark.
