The U.S. government is set to receive nearly a 10% equity stake in Intel Corp., worth about $11 billion, after converting previously approved CHIPS and Science Act grants into company shares. White House economic adviser Kevin Hassett said the funds are being disbursed as planned and confirmed that the equity component is part of the deal. President Donald Trump defended the arrangement on social media, declaring that the government "paid zero" for the stake and pledging to pursue similar transactions "all day long" to bolster domestic production. Commerce Secretary Howard Lutnick echoed the message, saying the new structure ensures taxpayers gain from support originally extended as a no-strings grant under the prior administration. The move represents an unusual peacetime intervention in a publicly traded company and has drawn pushback from parts of the business community and some Republicans, including Senator Rand Paul, who warn that federal ownership could limit corporate strategy and blur the line between capitalism and state control. Intel, which lost $2.9 billion on $12.9 billion of revenue in the second quarter, welcomed Washington’s investment. Chief Executive Officer Lip-Bu Tan called the government a "supportive shareholder" in the company’s effort to reclaim U.S. leadership in advanced semiconductor manufacturing. Hassett signaled the administration may replicate the equity-for-subsidy model in other critical industries, underscoring a broader shift toward a more interventionist U.S. industrial policy.