U.S. Considers Strategic Investment to Aid Struggling Chipmaker Intel

U.S. Treasury Secretary Scott Bessent clarified that any potential government investment in Intel aims to stabilize the company rather than compel businesses to use its chips. Amid speculation of a 10% stake investment, Bessent emphasized support without interventionist policies. Meanwhile, SoftBank Group has committed $2 billion to aid Intel.

Devdiscourse News Desk | Washington DC | Updated: 19-08-2025 18:19 IST | Created: 19-08-2025 18:19 IST

U.S. Considers Strategic Investment to Aid Struggling Chipmaker Intel — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

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U.S. Treasury Secretary Scott Bessent announced on Tuesday that any potential U.S. government investment in Intel is intended to stabilize the chipmaker, ruling out policies forcing businesses to buy Intel chips. Bessent emphasized a hands-off approach, focusing on support rather than intervention.

Responding to rumors about a possible 10% U.S. stake in Intel, Bessent clarified to CNBC that the government has no intention of using the stake to push chip sales. "We're looking at converting grants and potentially increasing investment to help stabilize Intel's chip production domestically," he explained.

The comments come shortly after SoftBank Group committed a $2 billion investment to Intel, aiming to assist the struggling company as it grapples with competitive challenges following years of managerial missteps.

(With inputs from agencies.)