Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of the CHIPS Act. But the legality of any equity stake would likely be challenged by both Intel shareholders and competitors in the industry, according to the Times.

TMTPOST -- Intel Corporation shares rallied around 7% on Thursday after the Trump administration confirmed recent reports about possible government stake in, and signaled more deals similar to that with Intel could be followed.