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US government takes 10% stake in Intel in unusual bid to revive chipmaking

Trump strikes deal with Intel, converting $11.1 billion in CHIPS Act funds into equity
The big picture: Intel's efforts to climb out of its ongoing crisis with help from the US government could pave the way for unprecedented state intervention in the technology and manufacturing industries. The Trump administration is considering redirecting billions in CHIPS Act funds to reduce the country's reliance on imports.
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US government weighs buying a stake in Intel after Trump meets CEO

Trump opens door to Intel deal
In context: Barely a week after President Trump called for Intel's new CEO to resign, reports suggest that the White House is considering buying a stake in the beleaguered chip giant, with its current boss presumably still in place. If implemented, the plan would mark the second time in the past 12 months that the government has mulled direct intervention in the United States' only advanced semiconductor manufacturer.