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The Trump-Intel Deal Is Official
The $8.9 billion investment gives the US government a roughly 10 percent equity stake in Intel.
Both Trump and US commerce secretary Howard Lutnick have said the deal is meant to revitalize the struggling chip giant and bring more chipmaking back to the United States. “The reason the government injected capital into the auto industry and insurers [post-2008] was to get them through the crisis,” says Timothy Meyer, a professor in international business law at Duke University. Meyer added that he’s interested to see “to what extent the US government will use its leverage across the tech industry to shift purchase orders to Intel.”
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