President Trump announced that Intel has consented to transfer a 10% equity stake to the U.S. government in exchange for about $11 billion in CHIPS and Science Act grants aimed at boosting domestic semiconductor manufacturing. The government will not have governance or board roles but will monetize the equity in return for financial support. Intel’s shares surged 5.5% on the news. This interventionist approach reflects the administration’s strategy to leverage federal funding for strategic industry influence amid ongoing semiconductor supply concerns and geopolitical tensions with China.