The Trump administration announced on Friday (August 22) that the United States has acquired a 10% equity stake in Intel , a leading American semiconductor company. This move, valued at $10 billion, is part of a broader strategy to bolster domestic semiconductor manufacturing and secure the nation's technological edge.

President Donald Trump stated that the agreement was reached with Intel CEO Lip-Bu Tan , highlighting it as a mutually beneficial deal. "I think it’s a great deal for them. And I think it’s a great deal," Trump said during an Oval Office announcement. The deal aims to convert grant funding from the Biden-era CHIPS Act into an equity stake, as confirmed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick .

The acquisition is part of a larger

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