Intel reached a Historic Agreement to accelerate American Technology and Manufacturing Leadership
Intel Corporation has entered into a significant agreement with the Trump Administration to strengthen American technology and manufacturing. The U.S. government will invest $8.9 billion in Intel common stock, demonstrating confidence in the company’s role in advancing the domestic semiconductor industry. The investment will be funded through remaining grants under the U.S. CHIPS and Science Act and the Secure Enclave program, bringing Intel’s total funding from the CHIPS initiative to $11.1 billion.
“As the only U.S.-based semiconductor company engaged in leading-edge R&D and manufacturing, Intel is committed to producing advanced technologies domestically,” said CEO Lip-Bu Tan. “This historic investment supports our national and economic security objectives.”
Under the agreement, the government will purchase 433.3 million shares at $20.47 each, representing a 9.9 percent stake. This passive investment will not include Board representation, and the government will align its voting with Intel’s Board on shareholder matters. Intel is currently expanding its chip manufacturing capabilities with over $100 billion dedicated to U.S. operations, including a new fabrication site in Arizona set to begin production soon. This partnership underscores Intel’s ongoing commitment to building a resilient U.S. semiconductor supply chain, aligning with a broader industry focus on strengthening the nation’s technological capabilities.
Satya Nadella, Chairman and Chief Executive Officer, Microsoft: “The decades-long partnership between Microsoft and Intel has pioneered new frontiers of technology and showcased the very best of American ingenuity and innovation. Intel’s continued investment in strengthening the U.S. semiconductor supply chain, supported by President Trump’s bold strategy to rebuild this critical industry on American soil, will benefit the country and broader technology ecosystem for years to come.”
Michael Dell, Chairman and Chief Executive Officer, Dell Technologies: “The industry needs a strong and resilient U.S. semiconductor industry, and no company is more important to this mission than Intel. It’s great to see Intel and the Trump Administration working together to advance U.S. technology and manufacturing leadership. Dell fully supports these shared priorities, and we look forward to bringing a new generation of products to market powered by American-designed and manufactured Intel chips.”
Matt Garman, AWS CEO: “Leading-edge semiconductors are the bedrock of every AI technology and cloud platform, making U.S. investment in this critical industry one of the most important technological, economic and national security imperatives of our time. Intel plays a vital role as one of the country’s leading chip manufacturers, and we applaud the Trump administration’s efforts to usher in a new era of American innovation in partnership with American companies.”