PREVIEW

US Explores 10% Stake in Intel to Boost Domestic Chip Manufacturing. The White House has confirmed that the Trump administration is in talks to acquire a 10% stake in chipmaker Intel. Press Secretary Karoline Leavitt said the move prioritizes both national security and economic interests. According to Commerce Secretary Howard Lutnick, the potential deal could involve exchanging existing government grants for Intel shares. This unusual step comes as Intel faces stiff competition from rivals like Nvidia, Samsung, and TSMC, especially in the booming AI chip market. Lutnick emphasized that the government wants equity in return for the grants, rather than simply providing financial support. The plan could also support Intel’s efforts to build a major manufacturing hub in Ohio. Intel has stated it remains committed to backing the administration’s goals to strengthen US technology and manufacturing.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT