President Trump said that Intel has agreed to give the U.S. government a 10% stake in its business.

Speaking with reporters on Friday, Mr. Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China.

"I said, I think it would be good having the United States as your partner," Mr. Trump said. "He agreed, and they've agreed to do it."

In a social media post Friday afternoon, Commerce Secretary Howard Lutnick indicated that the deal had been finalized, but did not elaborate.

"The United States of America now owns 10% of Intel, one of our great American technology companies," Lutnick wrote. "This historic agreement strengthens U.S. leadership in semiconductors, which will both gro

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