Uncle Sam’s Silicon Windfall: A $26.5B Chip Off the Old Block

This bonanza stems from a deal, hatched in the halcyon days of August, wherein the Trump administration-ever the alchemist-transmuted $8.9 billion in CHIPS Act grants into 433.3 million Intel shares at $20.47 apiece. A 9.9% stake, no less, now valued at $35.4 billion. How the wheels of fortune turn, grinding both fools and kings into dust-or, in this case, silicon.


