# The Trump administration has taken an equity stake in an American corporation rather than offering a bailout, tax subsidy, or grant.

*business · news · 2026-05-18 · Fortune*

## Key points

- The Trump administration has taken government equity stakes in private companies critical to national security.
- Trump negotiated a 9.9% government stake in Intel, worth about $10 billion, last August.
- Federal grants earmarked for Intel were used as leverage in the government’s equity deal.
- Corporate equity stakes by the government prioritize sectors like semiconductors, critical minerals, and nuclear energy.
- Government equity investments may scale to impact the U.S. deficit if returns mirror top venture capital results.

**Companies:** Intel, Amazon, Meta, Alphabet, NeoVolta Inc.
**Countries:** United States

[Read the full story on Fortune](https://fortune.com/2026/05/18/trump-corporate-playbook-administration-equity-stakes-companies-intel/)

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