Intel shareholder sues chipmaker over 10% government stake

2026-03-13 - 12:02

An Intel shareholder is suing the chip giant, alleging its leadership surrendered a 10% stake worth billions to the US government not for business reasons, but to escape personal attacks from then-President Donald Trump. The lawsuit claims the deal was an "unlawful contract" driven by fear for reputations and the CEO's job, not shareholder value.