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What role did the U.S. government take in Intel in 2025?

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In August 2025, the U.S. government obtained a 10% stake in Intel through an $8.9 billion investment. The funding came from previously awarded but unpaid federal grants and incentives, mainly connected to the 2022 CHIPS and Science Act and related programs. The government received 433.3 million shares of nonvoting stock, so it gained no voting rights or board representation.