SAN FRANCISCO >> President Donald Trump said today that Intel, the troubled Silicon Valley chipmaker, had agreed to sell the U.S. government a 10% stake in its business, worth $8.9 billion, in one of the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.

At a news conference, Trump said the agreement had come out of negotiations last week with Lip-Bu Tan, Intel’s CEO.

“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 said the United States would invest $8.9 billion in its stock, on top of $2.2 billion that the government has paid the company under the CHIPS and Science Act, a federal progra

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