The US is considering taking an equity stake in Intel instead of issuing grants, Cantor Fitzgerald CEO Howard Lutnick said, arguing taxpayers deserve shares for their money, BBC reported.
The plan, tied to Intel’s Ohio hub, remains unconfirmed, with the White House calling reports “speculation.” Intel has pledged support for President Trump’s drive to expand domestic manufacturing.
SoftBank’s recent $2bn investment lifted Intel’s stock nearly 7 percent. Analysts say government equity could safeguard US chip supply but may also slow Intel’s turnaround by adding political influence, according to BBC.
