US government to buy 10% stake in Intel: Donald Trump says CEO Lip-Bu Tan ‘wanted to keep his job, but ended up…’

Donald Trump announced the US government’s acquisition of a 9.9% stake in Intel for $8.9 billion, converting grants into equity. This deal, finalized after Trump’s meeting with Intel CEO Lip-Bu Tan, aims to provide Intel with approximately $10 billion to expand US factories.