The Trump administration is in discussions with Intel Corp. about potentially taking a government stake in the chipmaker to support its delayed Ohio manufacturing hub, according to sources familiar with the matter. The stake size remains unclear, and talks are ongoing.
- Meeting between President Trump and Intel CEO Lip-Bu Tan sparked discussions of a government investment.
- Intel's Ohio project, once slated to be the world's largest chip facility, has faced repeated delays, now projected into the 2030s.
- Shares of Intel rose up to 8.9% to $24.20 following the news.
- The move would mirror prior government equity stakes, such as the Pentagon's $400 million investment in MP Materials.
- Intel has faced financial challenges and market share losses, despite being positioned to benefit from the 2022 Chips and Science Act.
Relevant Companies
- INTC — Intel Corp. could see significant financial support and project acceleration if the stake is finalized.
- MP — MP Materials, a precedent for such deals, saw a major valuation impact from a Pentagon equity stake.
- TSM — Taiwan Semiconductor Manufacturing Co. was previously floated as a potential Intel partner for U.S. production.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
