US pursuing stake in struggling chipmaker Intel, commerce secretary says

Group 1 - The US government is seeking to convert funding from the Chips and Science Act into equity in Intel, indicating discussions between officials and the company [1][3] - Intel, once a leader in computer processors, is now perceived as lagging behind competitors like Nvidia, which recently achieved a $4 trillion valuation [2] - The conversion of funding would not grant the federal government governance rights typical of a major shareholder, as it would be a non-voting equity stake [4] Group 2 - The goal of the equity stake aligns with the Chips Act's objective to enhance domestic semiconductor production, reducing reliance on Taiwan [4] - The US Treasury Secretary stated that acquiring a stake in Intel would not compel US businesses to purchase Intel chips [5][6] - Investor interest in Intel has surged following news of potential government investment, with the company's stock value having halved over the past five years [6]