The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel. "The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters.

SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports, as talks with the company and Trump's team advance.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.

Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.

The White House confirmed that the U.S. government is exploring a plan to acquire a 10% stake in Intel (NASDAQ:INTC), one of the country's largest semiconductor firms. Officials described the potential agreement as both an economic and national security measure aimed at strengthening domestic chip production.

Lip-Bu Tan is set to meet with the president, who last week called for Tan’s removal.

President Donald Trump on Friday said the U.S. government had reached a deal to take a 10 percent equity stake in the chipmaker Intel, worth approximately $10 billion.“I said, I think it would be good having the United States as

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.