Trump administration vying to own a big stake in Intel after SoftBank’s $2 billion bet on company Politics Aug 19, 2025 5:16 PM EDT

SAN FRANCISCO (AP) — U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate a dramatic about-face from the president’s recent push to oust the company’s CEO.

READ MORE: Trump says Intel’s CEO must resign, sending its stock tumbling

The ambitions that Lutnick confirmed in a televised interview with CNBC came the day after various news outlets reported on the negotiations between the Trump administration and Intel. The investment would be made by

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