Intel will give the U.S. government a 10% stake, Trump says

The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. David Paul Morris/Bloomberg via Getty Images

David Paul Morris/Bloomberg via Getty Images

President Trump said on Friday he had asked Intel CEO Lip-Bu Tan for a 10% stake in the company during a recent meeting at the White House.

“He agreed, and they’ve agreed to do it, and I think it’s a great deal for them,” Trump told reporters. “He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States,” Trump said.

In a statement released on

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

Why Smart Entrepreneurs Are Betting Big on Biohacking

Opinions expressed by Entrepreneur contributors are their own. I've been in the entrepreneurship game long enough to spot when something big is...

Microsoft AI CEO Warns That ‘Dangerous’ and ‘Seemingly Conscious’ AI Models Could Arrive in the Next 2 Years: ‘Deserves Our Immediate Attention’

AI that appears to be conscious could arrive within the next few years, posing a "dangerous" threat to society, says one AI leader.Microsoft AI...