US Takes Nearly 10% Intel Stake, Clinching Unorthodox Deal

The U.S. government has acquired a nearly 10% stake in Intel Corporation as part of an unorthodox deal aimed at revitalizing the company and bolstering domestic semiconductor production. This move, orchestrated by President Donald Trump, is an unconventional approach to addressing the challenges faced by Intel and the broader chip industry in the United States. The deal, which is the first of its kind, aims to strengthen Intel's position and capabilities, enabling the company to better compete in the global semiconductor market. The government's stake in Intel is seen as a strategic investment to ensure the long-term viability and competitiveness of the American semiconductor industry, which has faced increasing competition from foreign rivals. The article highlights the Trump administration's willingness to employ innovative and nontraditional methods to support critical domestic industries and technologies, in this case, the semiconductor sector, which is considered a vital component of the nation's economic and national security.