President Trump intends for the US government to acquire a stake in Intel. This investment would mark deeper government involvement in the tech industry, amid Trump's push for domestic chip production.

President Trump is pursuing a 10% US government stake in Intel by converting Biden-era grants into equity. The move aims to boost domestic chip production, reduce reliance on foreign suppliers, and counter China in AI development.

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

Trump's flip-flopping on Intel highlights the impact of politics on investor sentiment. New leadership, government investment and hedge fund bets suggest a major turnaround in store for Intel.

The White House’s deliberations about taking a stake in Intel could upend the technology sector — and further redefine how Washington deals with business.