Officials in US President Donald Trump’s administration made comments saying the equity stake was not to run the firm.

The Trump administration is reportedly discussing a deal to take a 10% stake in Intel, which could potentially leverage Chips Act funding as part of the equity.

Shares in chip maker rise amid reports US government is also considering taking a stake

Trump administration looking to convert funding from Chips Act into equity in the semiconductor manufacturer

Officials in US President Donald Trump’s administration made comments saying the equity stake was not to run the firm.

The Trump administration wants U.S. chipmaker Intel to give the federal government an equity stake to receive $8 billion via the CHIPS and Science Act.

The potential deal could involve swapping government grants for shares in the chip making giant.

U.S. Commerce Secretary is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding.

Commerce Secretary Howard Lutnick told CNBC that the government has no intention of meddling in Intel's business, and will have its hands tied by holding non-voting shares.