US reaches deal with Intel to acquire 9.9% of company

Article originally posted on Phoenix Business Journal on August 25, 2025

The U.S. government has struck a deal with Intel Corp. to take a nearly 10% equity stake in the company, the White House and the California-based chipmaker announced Friday.

Under terms of the deal, the U.S. government is agreeing to invest $8.9 billion for 433.3 million shares of Intel’s stock at $20.47 per share, equating to a 9.9% stake in the chipmaker, according to a company release.

“As the only semiconductor company that does leading-edge logic R&D and manufacturing in the U.S., Intel is deeply committed to ensuring the world’s most advanced technologies are American made,” Lip-Bu Tan, CEO of Intel, said in a statement. “President Trump’s focus on U.S. chip manufacturing is driving historic investments in a vital industry that is integral to the country’s economic and national security.”

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