President Donald Trump on Friday said the U.S. government had reached a deal to take a 10 percent equity stake in the chipmaker Intel, worth approximately $10 billion. “I said, I think it would be good having the United States as your partner,” Trump said Friday at the White House. “ [CEO Lip-Bu Tan] agreed, and they’ve agreed to do it.”

US chipmaker Intel Corp's logo is seen at the entrance to their "smart building" in Petah Tikva, near Tel Aviv, Israel. [Reuters] US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel.

U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s