Instant Reaction: US Mulls Taking Stake in Intel

Bloomberg Surveillance

Bloomberg

News, Investing, Business News, Business

4 • 1.1K Ratings

🗓️ 14 August 2025

⏱️ 14 minutes

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Summary

The Trump administration is in talks with Intel Corp. to have the US government potentially take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry. The deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.

The plans stem from a meeting this week between President Donald Trump and Intel Chief Executive Officer Lip-Bu Tan, the people said. While the details are still being sorted, the idea is for the US government to pay for the stake, one of the people said. Another cautioned that the plans remain fluid. Shares of Intel climbed as much as 8.9% on Thursday.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

Bloomberg senior executive editor for Global Tech Tom Giles
Bloomberg News deals reporter Ryan Gould

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	On September 25th, Bloomberg Green returns to New York to bring together leaders from business, finance and government during Climate Week, NYC.
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0:38.7	This is a breaking news update from Bloomberg.
0:42.9	Instant reaction and analysis from our 3,000 journalists and analysts around the world.
0:49.5	Cheers for Intel finished up 7.4% today.
0:53.1	This after Bloomberg reported exclusively that the Trump administration is said to discuss taking a stake in Intel.
1:00.5	The U.S. government potentially taking a stake in the chipmaker, which would help support the company's effort to expand domestic manufacturing.
1:06.5	This is according to people familiar with the plan. I want to bring in Tom Giles. He's senior executive editor
1:11.5	for global technology. Tom can't stop talking about this story. Also in the context of what
1:17.5	happened earlier this week with Nvidia and AMD, what's happened with MP materials and the $400
1:22.6	million investment from the DOD, US Steel as well. It really just feels like we're in a new era when it
1:27.8	comes to industrial policy. What does it mean to you? The Trump administration is doing some
1:32.4	really unconventional things when it comes to trying to shape and influence industrial policy
1:40.7	and U.S. corporations, not a ton of precedence for this, at least not in the U.S.
1:46.4	We've seen it in other types of economies where the government believes it's its role
1:52.5	to shape industry and shape the direction of companies.
1:57.3	That doesn't always end well.
1:59.2	I'm a little surprised that the stock rallied as much as it did,
2:03.0	to be totally honest with you. I think in the near term, investors are looking at, hey,
	...

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