The White House confirmed Friday that it will take a 10% stake in Intel as part of a broader industrial strategy tied to the CHIPS Act and President Donald Trump’s February order to establish a sovereign wealth fund.
The $8.9 billion transaction was presented as a “special circumstance” aimed at boosting U.S. semiconductor independence and job growth.
White House economic adviser Kevin Hassett stressed the move mirrors prior interventions, such as stakes in Fannie Mae and Freddie Mac, while denying the administration is “picking winners and losers.”
NEC Director Kevin Hassett: "Intel is going to get the CHIPS money, but in exchange, we're going to get some equity — and the equity is not voting, so there's not going to be government intrusion into the business of Intel." pic.twitter.com/1XnzZ7JdDe
— Rapid Response 47 (@RapidResponse47) August 25, 2025
President Trump celebrated the deal on Truth Social, saying he paid “ZERO” for Intel and valued the arrangement at $11 billion for the U.S.
He described it as a win that would make “the USA richer and richer” and create more jobs. Trump added he would pursue similar deals to strengthen American companies, bolster national security, and support stock growth.
