Trump Weighs 10% Government Stake in Intel as SoftBank Buys In

The Trump administration is in discussions to take a stake of about 10% in Intel Corp., a move that could see the US become the beleaguered chipmaker’s largest shareholder.

The government’s plan, which would convert grants made under the US Chips and Science Act into equity, is under consideration just as SoftBank Group Corp. announced a surprise bet on Intel’s revival, agreeing to acquire a $2 billion stake in the company.

The US government and the Japanese tech conglomerate both see the potential for a turnaround at Intel, although each likely values different parts of the business. For the ...