The chief financial officer for the chip manufacturer Intel, David Zinsner, has announced his company received $5.7bn as part of a deal negotiated with the administration of United States President Donald Trump.

During an investor conference on Thursday, Zinsner said that Intel, a leader in the US development of semiconductor chips, received the funds on Wednesday evening.

Last week, the White House revealed the federal government would take a 10 percent stake in the struggling tech giant, based in Santa Clara, California.

As part of the deal, the government negotiated a five-year warrant for an additional 5 percent of Intel’s shares, in case the company should cease to own more than 51 percent of its manufacturing operations.

“I don’t think there’s a high likelihood that we would ta

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