US in talks over 10% Intel stake, White House confirms

The US government is in discussions with Intel, the semiconductor giant, regarding a potential 10% stake in the company. The White House has confirmed these talks, indicating that the deal could involve the government providing grants to Intel in exchange for an equity stake. The move is seen as a strategic effort by the US to bolster its semiconductor industry and reduce its reliance on foreign-made chips, particularly from China. The Biden administration has identified the semiconductor industry as a critical area of focus, given its importance for national security and technological innovation. The potential deal highlights the US government's growing involvement in the private sector, particularly in industries deemed vital to national interests. While the details of the negotiations are still unclear, the outcome could have significant implications for the semiconductor industry and the broader US-China technology rivalry.