Trump administration in talks to take a 10% stake in Intel

The Trump administration is in discussions to take a stake of about 10% in Intel Corp., according to a White House official and other people familiar with the matter, in a move that could see the US become the beleaguered chipmaker’s largest shareholder.

The federal government is considering a potential investment in Intel that would involve converting some or all of the company’s grants from the US Chips and Science Act into equity, said the people, who asked not to be identified because the information is confidential. Intel has been slated to…