President Donald Trump revealed on Friday that he has struck a significant agreement with Intel CEO Lip-Bu Tan, involving the chipmaker providing the United States with a company stake valued at $10 billion. This deal marks a new model that Trump aims to replicate with other companies in the future.
During discussions with Tan, Trump proposed that Intel pay the US a 10% stake in the company, to which Intel agreed. Trump expressed satisfaction with the deal, stating that it is mutually beneficial for both parties.