The Trump administration is considering a 10% stake in Intel Corp, potentially making them the largest shareholder. This would involve converting up to $10.9 billion in Chips Act grants into equity. Intel has received $2.2 billion in disbursements so far, with more tied to project milestones. The White House has not finalized the plan yet. Intel shares surged 23% after reports of the discussions. Last month, the Pentagon took a $400 million stake in MP Materials Corp. The potential stake in Intel would be worth about $10.5 billion at the current market value. This is a developing story.

Read more at Quiver Quantitative: Trump Administration Weighs $10.5B Equity Stake in Intel Through Chips Act Grants