05:50 AM EDT, 03/12/2026 (MT Newswires) -- Intel ( INTC ) is facing a shareholder lawsuit that alleges that the chipmaker's leadership agreed to grant a 10% stake to the US government last year because its chief executive and board members feared they would face personal attacks from the Trump administration, news outlets reported Wednesday.

The August deal was an "unlawful contract that gives the US government $11bn worth of Intel ( INTC ) stock for no meaningful consideration in response to extortionary threats by the government," the Financial Times reported, citing a court filing.

The lawsuit, filed in the Delaware Court of Chancery by shareholder Richard Paisner, seeks to unwind the deal, according to the report.

Intel ( INTC ) didn't immediately respond to MT Newswires' request for comment.