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The Guardian - US
The Guardian - US
World
Blake Montgomery in New York

US pursuing stake in struggling chipmaker Intel, commerce secretary says

Intel Corporation United States Howard Lutnick Joe Biden Semiconductor CNBC TSMC
a display for a technology company
An Intel display at the Consumer Electronics Show in Las Vegas on 8 January 2025. Photograph: Artur Widak/NurPhoto via Getty Images

The US government is pursuing a stake in Intel, the US commerce secretary said on Tuesday, confirming reports of discussions between officials and the company that have circulated for the better part of a week.

The Trump administration wants to convert funding from the Chips and Science Act, which funds research and manufacturing of semiconductor chips in the US, into equity in the struggling tech company, according to Howard Lutnick.

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