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U.S. Treasury Considers Equity Stake in Intel to Bolster Domestic Chip Production
U.S. Treasury Considers Equity Stake in Intel to Bolster Domestic Chip Production
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BTCCSquare news:
The U.S. Treasury is exploring an equity investment in Intel as part of efforts to strengthen domestic semiconductor manufacturing. Treasury Secretary Scott Bessent emphasized that the MOVE aims to stabilize the company and reduce reliance on foreign chipmakers like TSMC, which he labeled a national security vulnerability.
Intel stands to benefit significantly from the Chips and Science Act, with $10.9 billion in government grants already secured. While Bessent hinted at potential equity conversion, WHITE House officials cautioned against premature speculation. The administration maintains it won't mandate purchases from Intel, despite concerns over supply chain risks.
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