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. semiconductor production—to support its domestic manufacturing investment plans.
