President Donald Trump announced that the United States will acquire a 10% equity stake in Intel, marking a significant government investment in the struggling chipmaker.

An official announcement of the deal is expected soon, with Trump scheduled to meet Intel CEO Lip-Bu Tan to discuss the arrangement further.

Driving the news: This development follows a recent meeting between Trump and Tan, initially sparked by Trump demanding Tan’s resignation over his connections to Chinese firms. • Trump highlighted that while Tan sought to keep his job, Intel ended up agreeing to provide $10 billion to the U.S., roughly equal to the amount Intel would receive from CHIPS Act grants intended to fund new chip manufacturing plants domestically.

The big picture: The proposed 10% stake corresponds to a

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