WASHINGTON (AP) — President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business.

The US government has taken an $8.9 billion, 9.9% stake in Intel (INTC), buying 433.3 million shares in the chipmaker at a price of $20.47 per share. The government’s investment in Intel will be ...

Trump detailed the deal, which confirms recent media reports, during a White House press briefing. He told attendees the U.S.

The U.S. investment includes a purchase of 433.3 million primary shares of Intel stock at a price of $20.47 per share, ...

Technology Technology   The Big Story Trump says Intel has agreed to US stakePresident Trump said Friday that Intel has ...

Justice Department officials argued the program provides an unconstitutional advantage based on race or ethnicity.

Intel's statement followed remarks from Trump that Washington would gain a direct stake in the chipmaker under a new ...

“BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies,” Lutnick said. “This historic agreement strengthens U.S. leadership in semiconductors, ...

Speaking with reporters on Friday, President Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.

The semiconductor maker has struggled to keep up in the artificial intelligence boom with rivals such as Nvidia and AMD.