White House confirms plans to take a stake in Intel - and it might be eyeing up other chipmakers too

• Intel has reportedly entered talks with the White House
• This could see the US Government taking a stake in the company
• Intel is the most prominent semiconductor manufacturer in the US

The White House has confirmed it is negotiating a deal that could hand over a 10% stake in Intel to the US government.

The chipmaker has faced serious uncertainty in recent months, with multiple quarters of revenue decline, but the agreement could involve trading Intel shares for existing government grants.

"The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters. "We should get an equity stake for our money. We'll get equity in return for that... instead of just giving grants away."