Trump Administration Strikes $8.9B 'Investment' Deal with Intel, Sparks Controversy

The Trump administration and Intel reached a deal that appears to be an $8.9 billion investment in Intel stock, but is actually previously approved but unpaid grants from the Biden administration—$5.7 billion under the CHIPS Act and $3.2 billion through the Secure Enclave program. Trump claims the US paid nothing and calls it a 'win-win' for both America and Intel. However, the deal faces potential legal challenges, as the CHIPS Act may not allow converting grants to equity. Trump previously criticized the CHIPS Act and accused Intel's CEO of conflicts of interest. Intel's CEO expressed gratitude for the government's confidence.