President Trump said Friday that Intel had agreed to give the U.S. government a stake equivalent to 10% of its market cap. Trump’s comments, scant on details, come as the administration has taken a more interventionist role in American companies including U.S. Steel and Nvidia .

President Donald Trump said Friday that American chipmaker Intel had agreed to give the U.S. government a 10% stake, which amounts to roughly $10 billion.

“They’ve had some bad management over the years and they got lost. I said ‘I think you should pay us 10% of your company,’ and they said ‘yes.’ That’s about $10 billion. I don’t get it, this comes to the United States of America,” he said in a press conference with reporters in the Oval Office.

Intel was previously allocated about $11 billion in grants

See Full Page