The Trump administration is considering acquiring a 10% stake in Intel. If this were to go through, the 

US government would become Intel's largest shareholder.

The New York Times and Bloomberg News reported that White House officials and people familiar 

with the matter said the administration is considering converting approximately $10.9 billion in federal

 subsidies granted to Intel under the Chips and Science Act into Intel equity to support US semiconductor

 manufacturing and revive the struggling chipmaker. Intel's market capitalization is currently approximately 

$103.6 billion.

The report raises questions about whether the idea has broad support within the administration, the specific

 size of the stake, and whether the administration will proceed with the plan. It is also unclear whether the 

administration will seek similar arrangements with other companies that received Chips and Science Act subsidies.

White House spokesman Kush Desai declined to comment on the details. The US Department of Commerce, 

which oversees the Chips and Science Act, declined to comment. Intel has not yet responded to requests for comment.

Industry analysts believe that if the negotiations are successful, the deal would require approval from Intel's 

board of directors. The deal could also face legal challenges from Intel shareholders or peers.