The president equated the payment to 10% of the chipmaker’s value, saying he told its chief executive "it would be good having the United States as your partner" and "they've agreed to do it."

“BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies. This historic agreement strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge,” Lutnick wrote.

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming,

Trump has a newfound taste for state involvement in the private sector. It’s a palette Sanders has long enjoyed.

The White House is pushing for a stake in embattled chipmaker Intel after making deals with Nvidia and AMD to sell chips to China for a 15% cut.

President Donald Trump’s White House wants a slice of Intel’s pie in exchange for CHIPS Act grants that had already been approved by former President Joe Biden. And conservative radio host and pundit Erick Erickson is furious about it.

US commerce secretary Howard Lutnick is looking into the White House taking equity stakes in Intel and other chipmakers in exchange for grants under the Chips Act, which aims to spur factory-building in the US,

Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward socialism.” “If socialism is government owning the means of production,