Trump Says 10% Stake In Intel Is A Done Deal: 'I Think It's A Great Deal For Them'

Core Viewpoint - Intel Corp. stock rose over 6% following President Trump's suggestion for the U.S. government to acquire a 10% stake in the company, which is currently facing challenges [1]. Group 1: Government Involvement - President Trump indicated that Intel has agreed to the deal, describing it as beneficial for the company, although a White House official noted that discussions are still ongoing and no final decision has been made [2]. - Commerce Secretary Howard Lutnick stated that the government seeks equity in Intel in exchange for federal support under the CHIPS Act, emphasizing the need for an equity stake for the financial support provided [4]. Group 2: Intel's Market Position - Intel is the only U.S. company capable of producing advanced semiconductors domestically but is currently behind Taiwan Semiconductor Manufacturing Company (TSMC), which supplies major firms like Apple and Nvidia [5]. - The company is investing billions into new factories in Ohio, aiming to produce state-of-the-art AI chips, a project referred to as the "Silicon Heartland" [5]. Group 3: Recent Investments - SoftBank recently announced a $2 billion investment in Intel, acquiring approximately a 2% stake in the company [4].