While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.

President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal completed just a couple weeks after he depicted the

What Intel needs is external customers for its 14A manufacturing process - a tough ask, at least in the short term.

The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.