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220 Trump Confirms US Is Seeking 10% Stake In Intel

Slashdot
BeauHD @ Slashdot · 08/20/2025 18:02 EDT

Trump Confirms US Is Seeking 10% Stake In Intel

An anonymous reader quotes a report from Ars Technica: After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator Bernie Sanders (I-Vt.) came forward Wednesday to voice support for the highly unusual plan, finding rare common ground with Donald Trump. According to Commerce Secretary Howard Lutnick, the plan would see the US disbursing approved CHIPS Act grants only after acquiring non-voting shares of Intel and likely other chipmakers. That would.

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