President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal completed just a couple weeks after he depicted the

While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.

Intel has agreed to the U.S. government taking a stake in it, President Donald Trump and the company announced Friday, capping an extraordinary chapter between the White House and the computer-chip maker.

What Intel needs is external customers for its 14A manufacturing process - a tough ask, at least in the short term.

The US investment in Intel is a rare example of the government taking a stake in a private company. INTC closed up on Friday but dipped after hours.

Trump has a newfound taste for state involvement in the private sector. It’s a palette Sanders has long enjoyed.

Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump's plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel, into government stakes in the companies.

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.