In an unprecedented move to foster national semiconductor production, the U.S. government has attained a 10% equity stake in Intel Corporation. Intel is an American multinational technology

U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said.

US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in US chipmaker Intel. "This historic agreement strengthens US leadership in semiconductors, which will both grow our economy and help secure America's technological edge,