The Trump administration is reportedly in discussions to acquire a roughly 10% ownership stake in Intel Corp., potentially making the U.S. government the largest shareholder in the chipmaker. The proposed stake would be obtained by converting some or all of Intel's $10.9 billion in grants from the CHIPS and Science Act into equity. This move aims to bolster U.S. semiconductor production and support Intel's manufacturing projects, including its Ohio fabrication facility. The talks have been confirmed by a White House official and multiple sources familiar with the matter. Following the news, Intel's shares experienced a decline of approximately 3.7% to 5.5%. A White House spokesperson emphasized that no deal is official until formally announced. The discussions represent one of the largest government equity investments in U.S. corporate history and reflect ongoing efforts to strengthen domestic chipmaking capabilities amid global competition.