According to Bloomberg, the Trump administration in the United States is in talks with Intel to convert part or all of the Chips and Science Act funding into equity, in exchange for about a 10% stake in Intel.
The report, citing White House officials and people familiar with the matter, says the move could involve around $10 billion (approximately 42.265 billion ringgit).
Intel had already been approved for about $10.9 billion in Chips Act funds for commercial and military production. This amount would roughly cover the government’s holding size.
Intel declined to comment on this, and the White House also did not respond to the report.
SoftBank to Invest $2 Billion in Intel
According to a joint statement released by Intel and SoftBank on the 19th, SoftBank has agreed to purchase $2 billion worth of Intel shares, further deepening its investment in the United States.
The statement says the deal is subject to customary closing conditions, and SoftBank will acquire Intel common stock at a price of $23 per share.
Intel CEO Liwu Chen said: “Masayoshi Son and I have worked closely together for decades, and I am grateful for his trust in Intel and this investment.”