President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming,

The US government has taken a 9.9 percent stake in beleaguered chipmaker and designer Intel.

U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. What Intel needs is external customers for its so-called cutting-edge 14A manufacturing process - a tough ask,

Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”

(Reuters) -The Trump administration and Intel are poised to announce details of an agreement to give the U.S. government an equity stake in the troubled chipmaker on Friday, Bloomberg News reported, citing people familiar with the plan.