On Friday afternoon, Intel confirmed what everyone already knew: that the U.S. government is taking the unprecedented step of investing $8.9 billion into the company. On Tuesday, Commerce Secretary Howard Lutnick said that the United States was pushing Intel to accept its $10.

Investment banking firm JPMorgan thinks Intel should walk away from the chip-making business, and push into its Intel Foundry business instead.

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick. Experts say the unconventional deal could backfire.

Intel Corp. (NASDAQ:INTC) is one of the best data center stocks to buy now. On August 19, SoftBank Group announced a $2 billion investment in Intel Corp.

The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

The Trump administration is backing away from suggestions it could take a stake in TSMC, despite its plans to demand shares in Intel.

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office. With Trump's blessing, Commerce Secretary Howard Lutnick is tinkering with the idea of converting CHIPS Act grants into equity in some of Wall Street's leading semiconductor companies.