President Donald Trump said Friday that chipmaker Intel has agreed to give the U.S. government a 10% equity stake in the company, a historic government intervention.

Trump said during a news conference that the deal came after negotiations with Intel CEO Lip-Bu Tan.

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“I said, ‘I think it would be good, having the United States as your partner.’ He agreed, and they’ve agreed to do it,” Trump said. “And I think it’s a great deal for them.”

Intel announced the move in a press release . As part of the deal, the U.S. will get 433,323,000 shares of the tech company. The U.S

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