Trump Secures Billions as Intel, Other Tech Giants Agree to U.S. Government Stakes

NEW YORK, Aug. 22 (Xinhua) — U.S. President Donald Trump announced Friday that Intel’s CEO Lip-Bu Tan has agreed to give the federal government a $10 billion stake, equivalent to about 10 percent of the chipmaker’s market capitalization, U.S. media reported.

“This is a great deal for Intel, and a great deal for America,” Trump said from the Oval Office, framing the move as part of his broader plan to strengthen domestic semiconductor manufacturing.

Tech Giants

In a stunning turn, sources also revealed that other leading U.S. tech firms have agreed to similar arrangements, each providing the government with up to 15 percent ownership. The deals mark one of the largest government interventions in corporate America since the 2008 auto bailout.

Analysts note the move could reshape the relationship between Washington and Silicon Valley, with the White House weighing further stakes in industries deemed critical to national security and economic resilience.

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