US government takes about a 9.9% equity stake in Intel

Intel

The US government invested $8.9 billion in Intel common stock, purchasing 433.3 million shares at $20.47 per share for a 9.9% stake. The investment was funded by unspent CHIPS Act grants and the Secure Enclave program, with the government maintaining passive ownership and no board representation.

• Purchase: 433.3 million shares at $20.47 per share for a 9.9% stake; funded by $5.7B in remaining CHIPS Act grants and $3.2B from Secure Enclave.
• Total government support to Intel now reaches $11.1B when combined with earlier $2.2B in CHIPS grants.
• Government commits to passive ownership with no board seat; will vote with the company's Board on shareholder matters, with limited exceptions.