Intel

Trump turns $11.1 billion in US government funds into a 10 percent stake in downtrodden Intel

US govt getting the stake through the conversion of $11.1 billion in previously issued funds and pledges, making a gain of $1.9 billion, on paper
Remarkable turn of events comes at a time that the chipmaker is in the process of laying off more than 20,000 workers in bid to bounce back from years of missteps

By AP · 23 August 2025