Trump moves on Intel stake

A government stake in Intel is being discussed as part of a broader push to secure chip supply and reduce dependence on foreign fabs.

Trump Moves to Nationalize Intel in Broad Security Drive

Discussions are underway about a possible government stake in Intel, prompted by concerns over national security and the AI chip race. The size of any stake and the terms are not public, and Intel and the White House have not confirmed a deal. The idea comes in a context where the United States is seeking to reduce reliance on foreign fabs, particularly in Taiwan, which dominates a large share of the market.
The talks follow recent arrangements with Nvidia and AMD that involved export licenses and sales to China, highlighting pressure points in technology diplomacy. Analysts warn that state involvement could affect investor sentiment and market dynamics, while supporters argue it could strengthen US manufacturing leadership. Intel says it remains committed to American manufacturing but offered no comment on the discussions.

The move frames technology policy as a national security matter, not just a business decision. It raises questions about how much government influence is appropriate in shaping core industries and what that means for innovation ecosystems.
If Washington proceeds cautiously with clear rules and independent oversight, it could bolster resilience. If not, it risks political backlash and chilling effects on investment, potentially widening the tech market's fault lines with China.

Highlights

Policy and markets will watch the next steps closely as the balance between security and open markets is tested.