By Andrea Shalal and David Shepardson WASHINGTON -U.S. Commerce Secretary Howard Lutnick said on Tuesday the government wanted an equity stake in Intel in exchange for cash grants approved during the administration of former President Joe Biden. Separately, Treasury Secretary Scott Bessent said any U.S. investment in Intel would be aimed at helping the troubled chipmaker stabilize. Asked about reports that the U.S. was considering taking a 10% stake in Intel, Bessent told CNBC’s “Squawk Box” program: “The stake would be a conversion of the grants and maybe increase the investment into Intel to help stabilize the company for chip production here in the U.S.” Bessent gave no details about the size or timing of any U.S. stake in Intel, but said any investment would not be aimed at forcing U.S. companies to buy chips from Intel. Bessent’s comments were the first official response from the Trump administration after Bloomberg News reported on Monday the U.S. government is in talks to take a 10% Intel stake in exchange for $7.9 billion in grants that were approved for the U.S. chip company during the Biden administration. “We should get an equity stake for our money,” Lutnick told CNBC. “We’ll get equity in return for that … instead of just giving grants away.” Lutnick said the U.S. does not want control of the company. “It’s not governance, we are just converting what was a grant under Biden into equity for the Trump administration for the American people.” He suggested any stake would be “non-voting,” meaning it would not enable the U.S. government to tell the company how to run its business. He made his comments a day after SoftBank Group agreed to invest $2 billion into the chipmaker, which has struggled to compete after years of management blunders. “The Biden administration literally was giving Intel money for free and giving TSMC money for free, and all these companies just giving the money for free, and Donald Trump turned it into saying, ‘Hey, we want equity for the money. If we’re going to give you the money, we want a piece of the action for the American taxpayer,'” Lutnick said. Intel and TSMC, a Taiwan-based chipmaker, did not immediately comment. Intel has struggled financially and recorded an annual loss of $18.8 billion in 2024, its first such loss since 1986. This article was generated from an automated news agency feed without modifications to text. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.