Trump Says Intel Agrees to Sell 10% Stake to US Government

Intel (INTC) stock surged further Friday afternoon as President Donald Trump said the struggling chipmaker had agreed to allow the U.S. government to take a 10% stake.

At a press gathering in the Oval Office announcing the World Cup draw would be held at the Kennedy Center on Dec. 5, Trump said of Intel, “They’ve agreed to do it, and I think it’s a great deal for them.”

Citing people familiar with the matter, Bloomberg reported earlier Friday that the Trump administration and Intel were set to announce details today of an agreement that would see the U.S. take a stake in the company. The news outlet said that although details weren’t clear, “Talks had focused on converting grants under the Chips and Science Act into an equity stake of about 10% for the government.” 

“The US taking a direct stake would mark a stunning level of intervention in an American company, shattering norms that investors and policymakers have long considered sacrosanct except in the most extraordinary situations such as war or a systemic economic crisis,” Bloomberg said.

Intel declined to comment.

Intel shares were up roughly 7% in recent trading, amid a broader market rally. With Friday’s gains, the stock has added a quarter of its value in 2025.

UPDATE—This article has been updated with Trump’s announcement and Intel’s declining to comment.