In an agreement with the Trump Administration, Intel (INTC) will sell $8.9 billion in common stock to the U.S. government, giving them a 9.9% stake in the company. The purchase includes 433.3 million shares at $20.47 each, funded by CHIPS Act grants and the Secure Enclave program, bringing the government’s total investment in Intel to $11.1 billion. The U.S. will not have direct representation on Intel’s board but will vote alongside the current board in most cases. President Trump negotiated the deal, stating it’s a great investment for America and Intel’s future. Investors are advised to consider other AI stocks for better returns.

Read more at Yahoo Finance: Trump Administration Secures 9.9% Stake in Intel (INTC), Citing Strategic Semiconductor Future