US government plans to take a 10% stake in Intel

The U.S. government is considering taking a 10% stake in the semiconductor giant Intel. This move would represent a significant departure from the country's traditional hands-off approach to major corporations. The plan is part of a broader government effort to bolster domestic semiconductor manufacturing and reduce reliance on foreign suppliers, particularly China. The proposed investment is still in the early stages of discussion and would require congressional approval. If implemented, it would make the U.S. government a significant shareholder in Intel, one of the world's largest chipmakers. The move is seen as a strategic response to global supply chain disruptions and the ongoing semiconductor shortage that has impacted various industries. The potential government ownership in Intel is part of a broader push to strengthen U.S. competitiveness in the critical semiconductor industry, which is seen as crucial for national security and economic competitiveness. The outcome of these discussions will have far-reaching implications for the relationship between the government and private sector in the technology industry.