Trump Administration Secured $27.7 Billion in Deals
The U.S. government has finalized 39 investment deals since January 2025 to bolster domestic supply chains.
Updated on Sept. 30, 2026 in Economic Policy
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Since January 2025, the Trump administration has signed 39 investment deals totaling $27.7 billion. These agreements, which involve agencies like the Commerce and Defence Departments, integrate equity stakes into federal loan and grant portfolios.
Why it matters
The administration aims to secure national supply chains and reduce reliance on China for critical materials. By taking equity stakes in private companies, the government is shifting toward a direct ownership model to support strategic industries.
The U.S. government holds a 10 percent equity stake in Intel valued at $8.9 billion. Other major commitments include a $1 billion deal with L3Harris and a 35 percent stake in North American Blue Energy Partners.
The players
Donald Trump
He is the current President of the United States.
U.S. Department of Defence
It is the executive department responsible for the military and overseeing strategic equity investments.
Intel
It is a major American multinational corporation and technology company that specializes in semiconductor chip manufacturing.
L3Harris
It is a prominent American technology company and defense contractor providing mission-critical solutions.
Development Finance Corporation
It is the U.S. government's development finance institution that partners with the private sector to finance solutions.
The details
Agencies such as the Commerce, Energy, and Defence Departments utilized funding from unused Biden-era Chips Act grants to execute these investments. The portfolio includes diverse holdings, ranging from a $565 million loan to Serra Verde to a $280 million agreement with USA Rare Earth, which may see future support reaching $1.6 billion.
Timeline
The administration began signing these investment deals in January 2025.
The Defence Department secured an equity stake in MP Materials in July 2025.
The U.S. government acquired its 10 percent stake in Intel in August 2025.
The Commerce and Energy Departments announced the USA Rare Earth deal in January 2026.
L3Harris finalized its $1 billion investment deal in April 2026.
Macro View
These investments represent a significant departure from historical U.S. industrial policy, which traditionally favored grants over direct equity ownership. This strategy mirrors global trends where states take active ownership in critical supply chain infrastructure.
These deals are designed to stabilize domestic production, which may influence long-term pricing for technology and energy products. Taxpayers are currently funding these investments, but the success of the strategy depends on the performance of the private entities involved.
The takeaway
The government is actively acting as an investor to secure industrial independence. Citizens should monitor these equity holdings as they represent a substantial shift in how the U.S. handles its financial stakes in private enterprise.
Further reading
For more context on how federal initiatives affect the economy, visit Economic Policy.
Source note: This article includes information reported by The National.
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