Do Son The U.S. government has acquired an equity stake in Intel, freeing the company from CHIPS Act restrictions and cementing Washington's control over the chip industry.
CHIPS Act
The U.S. government has converted a portion of Intel's subsidies into a direct equity investment, acquiring a 9.9% stake in the company for $8.9 billion.
With Intel struggling and its Ohio mega-factory delayed, the U.S. government is reportedly considering acquiring a stake in the chipmaking giant.
Intel secures $8 billion funding under the U.S. CHIPS Act to boost domestic semiconductor manufacturing and reduce reliance on overseas production.