President Donald Trump said Friday that Intel will give the U.S. government a 10% stake in the company, an agreement he said followed a meeting last week with CEO Lip-Bu Tan — just days after Trump had called for Tan's resignation over his past ties to China.

P resident Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company’s CEO as a conflicted leader unfit for the job.

The U.S. government has taken a 10% stake in struggling U.S. chipmaker Intel, President Donald Trump announced in a social media post.