On Friday afternoon, Intel confirmed what everyone already knew: that the U.S. government is taking the unprecedented step of investing $8.9 billion into the company. On Tuesday, Commerce Secretary Howard Lutnick said that the United States was pushing Intel to accept its $10.

The Trump administration is considering taking equity stakes in companies getting funds from the 2022 CHIPS Act but has no similar plans for bigger firms boosting U.S. investments, such as TSMC and Micron,

Investment banking firm JPMorgan thinks Intel should walk away from the chip-making business, and push into its Intel Foundry business instead.

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick. Experts say the unconventional deal could backfire.

Intel Corp. (NASDAQ:INTC) is one of the best data center stocks to buy now. On August 19, SoftBank Group announced a $2 billion investment in Intel Corp.

The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

Intel CEO Lip-Bu Tan's push to retain in-house chip manufacturing has put him at odds with chairman Frank Yeary and other directors who explored spinning off or selling Intel Foundry to TSMC.

The Trump administration is backing away from suggestions it could take a stake in TSMC, despite its plans to demand shares in Intel.