In a surprising move, President Donald Trump revealed that the United States will acquire a 10% ownership stake in Intel, valued at approximately $10 billion. The announcement was made during a press conference on Friday, following discussions with Intel’s CEO, Lip-Bu Tan.

The deal marks a significant shift in the U.S. government’s approach to the technology sector, signaling increased strategic investment. Trump emphasized that the agreement was finalized after his meetings with Tan, during which they discussed the company’s role in national interests.

Previously, President Trump had expressed concerns over Tan’s alleged connections to the Chinese Communist Party, calling for his resignation. Despite this, the CEO reportedly entered discussions aiming to secure his position while the U.S. government sought to strengthen its stake in the company.

Trump characterized the deal as a win for the United States, stating, “Tan walked in wanting to keep his job, and he ended up giving us $10 billion for the United States.” The move is viewed by analysts as part of a broader strategy to bolster American technological leadership amid global competition.

For more information on government investments in the tech sector, consult resources such as the U.S. Department of Commerce’s reports on national security and technology manufacturing.

Ethan Cole

I'm Ethan Cole, a tech journalist with a passion for uncovering the stories behind innovation. I write about emerging technologies, startups, and the digital trends shaping our future. Read me on x.com