Trump says Intel has agreed to deal for US to take 10% equity stake

Aug 22, 2025

US President Donald Trump said on Friday the United States would take a 10 per cent stake in Intel under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America. The US agreed to purchase a 9.9 per cent stake in Intel for US$8.9 billion at a price of US$20.47 a share, which is a discount of about US$4 per share from Intel’s closing share price of US$24.80 on Friday. The government will purchase the 433.3...

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