More intel on that potential government Intel deal

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Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 20 August 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commerce Secretary Howard Lutnick has confirmed that the Trump administration is considering taking a stake in the struggling U.S. chipmaker Intel. The arrangement would be unusual but not unprecedented. And Intel was already getting a federal grant under the CHIPS and Science Act, approved during the Biden administration. Also on the show: a dispatch from the annual World AI Conference in Shanghai and a look at the pluses and minuses of retailers using third-party vendors.

Transcript

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0:00.0	More details are coming in about the Trump administration's plans to purchase a portion of the struggling chipmaker Intel.
0:09.0	I'm David Brancaccio in Los Angeles. Commerce Secretary Howard Lutnik is confirmed that the Trump administration is looking at the purchase of part of a big American corporation.
0:19.0	The U.S. stake in Intel would be unusual, but not unprecedented, as Marketplace's Nancy Marshall
0:24.3	Gensler explains.
0:25.5	Intel was already getting a federal grant under the Chipson Science Act, which was approved
0:30.3	during the Biden administration.
0:32.3	Yesterday, Commerce Secretary Howard Ludnik told CNBC, the U.S. should get something
0:37.4	for that money.
0:38.6	Why are we giving a company worth $100 billion this kind of money?
0:43.5	What is in it for the American taxpayer?
0:46.6	And the answer Donald Trump has is we should get an equity stake for our money.
0:51.3	Lutnik says this would be a non-voting stake so the Trump administration wouldn't have a say in
0:56.5	how Intel was run.
0:58.4	The U.S. government has done this before.
1:00.6	It spent about $50 billion to bail out General Motors in 2008 during the Great Recession.
1:06.3	But these types of deals can be risky for taxpayers.
1:10.2	The government lost about $11 billion on its GM investment.
1:14.5	I'm Nancy Marshall Genser for Marketplace.
1:17.9	More now on how the global artificial intelligence arms race could disrupt the job market.
1:23.3	Today, a dispatch from the annual World AI Conference in Shanghai,
1:27.3	China's government is pushing businesses to integrate the powerful tech across industries there.
1:32.4	The tech can be a tool to make people more productive, but it can also be a tool for businesses to use fewer workers.
	...

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