“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 on Friday morning took a surprise trip to "The People's House" -- a museum about the White House and its inhabitants. Trump took reporter questions after the tour on the FBI search of John Bolton's house, the Russia-Ukraine war, the federal takeover of Washington and more.

Sen. Rand Paul and conservative commentator Erick Erickson expressed concerns about the Intel idea, the pair describing it as "socialism."

After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator Bernie Sanders (I-Vt.) came forward Wednesday to voice support for the highly unusual plan, finding rare common ground with Donald Trump.

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,