August has been a rollercoaster ride for Intel so far. Last Thursday, President Trump told the company’s CEO to step down before abruptly reversing course, and now the administration is reportedly considering buying a stake in the struggling American chipmaker. Talks are still in the early stage; it's unclear how much of the company the government would buy or when. The US might use funds from the CHIPS and Science Act, signed into law by President Biden in 2022. It included $52.7 billion in funding to promote the US manufacture of semiconductor chips and help alleviate the chip shortage. Intel was awarded nearly $8 billion from that fund in the final days of the Biden administration. Instead, the Trump plan might use CHIPS Act money "to at least partially finance an equity stake in Intel." #intel #trump #chipsandscienceact #technews Like what you're reading? Don't miss out on our latest stories. Add PCMag as a preferred source on Google. 🏅