Trump says US will take 10% stake in Intel because CEO wants to “keep his job”

In a surprising move, former U.S. President Donald Trump claimed that the government will take a 10% stake in Intel Corporation due to the company's CEO wanting to "keep his job." This statement comes as Intel aims to secure funding from the recently passed CHIPS Act, which provides subsidies and tax credits for semiconductor manufacturing in the U.S. The article suggests that this potential deal could allow the U.S. government to profit from the CHIPS Act funding, potentially leading to a financial stake in one of the world's largest chipmakers. However, it remains unclear whether Trump's statement accurately reflects the ongoing negotiations between Intel and the government. The article does not provide further details on the specifics of the potential deal or the rationale behind Trump's claims. It remains to be seen how this development will unfold and impact the semiconductor industry in the United States.