Shares of Intel (NASDAQ: INTC) are falling on Wednesday, down 7% as of 12:14 p.m. ET. The drop comes as the S 500 and Nasdaq Composite fell 0.4% and 1%, respectively.

The struggling chipmaker's stock is sliding as investors await the U.S. government's decision over whether to take an equity stake in the company.

Commerce Secretary Howard Lutnick told CNBC that the U.S. government was in talks with Intel about taking a sizable stake in the company after it was rumored that President Trump was considering the action.

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Source Fool.com