DOJ releases Ghislaine Maxwell interview transcripts to deflect from hidden Epstein files

Trump announced August 22 that Intel CEO LTLip-Bu Tan agreed to give U.S. government a 9.9% equity stake worth $8.9 billion, making the federal government Intel's largest shareholder

The government purchased 433.3 million Intel shares at $20.47 each—a $4.30 discount from the $24.80 closing price—using $5.7 billion in unpaid CHIPS Act grants plus $3.2 billion from defense programs

Trump initially called for Tan's resignation over Chinese company investments, then reversed course after private White House meeting where the CEO 'walked in wanting to keep his job' and agreed to equity deal

The unprecedented arrangement marks a shift toward government ownership of private companies, with Trump saying he plans 'to do more of these types of deals' with other firms in critical industries

Intel recorded an $18.8 billion loss in 2024—its first annual loss since 1986—while struggling to compete in artificial intelligence boom dominated by Nvidia's $4 trillion market capitalization

SoftBank separately announced a $2 billion Intel investment the same week, providing additional confidence in the troubled chipmaker's turnaround efforts under new CEO leadership

The government receives a warrant to purchase an additional 5% of Intel shares if the company sells majority control of its foundry business, potentially expanding federal ownership to 15%