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The U.S. now owns a big chunk of Intel. That’s a huge deal.

Planet Money

2025/09/12
Planet Money

Planet Money

2025/09/12

Shownote

Last month, President Donald Trump announced an unusual deal. Intel, the biggest microchip maker in America, had agreed to give the United States a 10 percent stake in its business. That means the U.S. government is now Intel's largest shareholder — and a ...

Highlights

In a surprising move, the U.S. government has become the largest shareholder in Intel, one of America’s most iconic tech companies. This unprecedented deal marks a significant shift in how the government interacts with private industry, raising questions about the role of industrial policy in the American economy.
02:51
U.S. government becomes Intel's largest shareholder with 10% stake
12:21
Intel secures nearly $8 billion in subsidies for new U.S. factories
15:00
Trump's intervention in Intel's deal marks a broader pattern of industrial policy
23:58
The White House views the Intel deal as a win-win for national security and economic interests.

Chapters

How the government is reshaping its role in American industry
00:00
Subsidies and milestones: funding the microchip resurgence
12:21
Trump's reshuffle: a new deal for Intel and its leadership
15:00
State capitalism in America: risks and rewards of the Intel gamble
20:42

Transcript

Jeff Guo: Hey, it's Mary Childs. Finding a new favorite podcast is tough. NPR wants to make it easier. That's why we're trying a new thing called the NPR. Pod Club Newsletter. New recommendations once a week. So your podcast, well, never runs dry. You can ...