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The Fox News Rundown

Business Rundown: U.S. Government Takes 10 Percent Stake In Chipmaker Intel

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.5K Ratings

🗓️ 25 August 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Last Friday, President Trump announced a deal that would see the U.S. government take 10 percent equity in the chipmaker, Intel. Under the terms of the deal, the government will use nearly 9 billion dollars in federal grant money from the 2022 CHIPS Act to purchase this stake in the company. FOX Business correspondent Lydia Hu speaks with SlateStone Wealth partner and chief market strategist Kenny Polcari about this Intel deal and the market reaction to Fed Chair Powell last week. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:30.1

I'm Lydia Who and this is the Fox Business Rundown.

0:40.7

Monday, August 25th, 2025.

0:47.5

Last Friday, President Trump announced the U.S. government will take a 10% equity in chipmaker Intel.

0:48.7

Under the terms of the deal, the government will use nearly $9 billion in federal grant money

0:53.5

from the 2022 Chipsack

0:55.6

to purchase this stake in the company.

0:58.0

We as taxpayers should be able to benefit.

1:00.0

If this really takes off and Intel goes from $26 to $56,000, why shouldn't you and I as

1:05.8

taxpayers benefit from that since we gave them the money?

1:09.5

After questions surfaced about his foreign investments and ties to the Chinese military,

1:14.2

the Intel CEO Lip Butan faced calls from President Trump to resign.

1:19.5

That friction on social media led to the Oval Office meeting and negotiations between the chipmaker's CEO and the president.

...

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