US government may be looking for 10% share in Intel as SoftBank invests $2 billion

In a major development for the chipmaker, the Trump administration is in discussions to acquire a significant stake in Intel, potentially making the US government its largest shareholder, a report has said. This plan is being considered just as Japanese tech conglomerate SoftBank Group has announced a $2 billion investment in the company.

According to a report by Bloomberg, the Trump administration’s plan involves a specific approach: converting a portion of the grants made to Intel under the US CHIPS and Science Act into equity. The report says that this could result in a stake of approximately 10% for the US government, an investment estimated to be worth around $10.5 billion at Intel’s current market value.