US Seeks Intel Stake in Exchange for Federal Grants
Intel’s headquarters in Santa Clara, Calif., on Aug. 1, 2024. Justin Sullivan/Getty Images The U.S. government is seeking an equity stake in chipmaker Intel, Commerce Secretary Howard Lutnick said on Aug. 19. In November 2024, the previous administration awarded Intel nearly $11 billion in grants from the CHIPS and Science Act—legislation designed to bolster U.S.