The CEO of Intel, Lip-Bu Tan, is under serious pressure from government administrators and watchdogs over alleged ties to Chinese technology firms, and his recent leadership of a US company that was fined for selling chip design software to firms linked to the Chinese military.

The Trump administration is considering taking a 10% stake in Intel by converting $10.9B in Chips Act grants into equity, a move that would make the U.S. government Intel's largest shareholder and mark a major shift in how federal chip funding is deployed.