The Trump administration is in advanced discussions to acquire an equity stake of about 10% in Intel Corp., Bloomberg reported, citing a White House official and others familiar with the matter. The government is weighing a plan to convert some or all of Intel’s $10.9 billion in CHIPS and Science Act grants into shares, a structure that would make Washington the chipmaker’s largest shareholder if completed. Officials believe the move could accelerate Intel’s effort to build new manufacturing capacity in the United States, including a delayed multi-billion-dollar fabrication complex in Ohio. The talks follow President Donald Trump’s 11 August meeting with Chief Executive Officer Lip-Bu Tan, who took the helm in March amid a multiyear turnaround effort. Investor reaction has been volatile. Intel stock jumped more than 7% on 14 August when initial reports of a possible federal investment surfaced, but fell as much as 5.5% on 18 August after details of the prospective 10% stake emerged. At the current market capitalization, such a holding would be worth roughly $10.5 billion. Direct government ownership of a major U.S. technology company would be highly unusual outside of crisis settings. A White House spokesperson said no agreement is final until formally announced, and the size and structure of any investment remain subject to change.