US turns $8.9B Intel investment into over $30B value
The US government scored big, turning an $8.9 billion investment in Intel into over $30 billion in only three months.
This move came after President Trump publicly backed the struggling chipmaker last year, with $5.7 billion coming from CHIPS and Science Act grants and $3.2 billion coming through a separate secure-chip production scheme to help secure US chip supply.
US backs semiconductors and other industries
This wasn't just about making money. The investment is part of a bigger push to ramp up US semiconductor production and support other critical industries like steel and nuclear power.
The government even has the option to buy an additional 5% of Intel stock if Intel no longer retains a controlling stake in its foundry operations.
Plus, they're eyeing a stake in Spirit Airlines next, showing they're serious about backing key sectors that keep the country running.