White House’s Shocking 10% Intel Stake Plan Shakes the Tech World
The White House is considering taking a 10% stake in Intel by converting up to $10 billion in CHIPS Act grants into equity, sources say. Intel shares jumped 20–25% on the news, reaching a $104 billion market value. Lawmakers are expected to scrutinize the plan, which would mark one of the largest U.S. government interventions in a private firm since 2009.