The $8.9 billion investment gives the US government a roughly 10 percent equity stake in Intel.

The potential deal could involve swapping government grants for shares in the chip making giant.

Commerce Secretary Howard Lutnick told CNBC that the government has no intention of meddling in Intel's business, and will have its hands tied by holding non-voting shares.

The Trump administration is aiming to take an equity stake in Intel, according to US commerce secretary Howard Lutnick. Experts say the unconventional deal could backfire.

The move marks a clear change of direction just weeks after Trump called for CEO Lip-Bu Tan to resign over his ties to Chinese firms.

Blurring the lines between business and government.

President Trump said on Friday that the U.S. government is looking to take a 10% stake in struggling chipmaker Intel.

A deal would be among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.

The extraordinary development follows a meeting between CEO Lip-Bu Tan and Trump after he called for Tan’s removal.

President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business.

Intel deal could pave the way for the US to profit off CHIPS Act funding.

Equity investment of $8.9bn marks the Trump administration’s latest corporate intervention

President Trump earlier said the company's CEO agreed to the deal in a recent meeting at the White House.

The $8.9 billion investment gives the US government a roughly 10 percent equity stake in Intel.

Unprecedented deal comes after president demanded CEO Lip-Bu Tan to resign over his ties to Chinese firms

Intel is expected to receive about $10 billion in CHIPS Act grants from the government to help fund the building of chip plants in the U.S.

The United States government will own a 10% share of common stock in U.S. chipmaker Intel in exchange for $11 billion in already-promised federal funding.

The government is getting 433.3 million shares of non-voting stock priced at $20.47 apiece — a discount from Friday's closing price at $24.80.

WASHINGTON: President Donald Trump on Friday announced the US government has secured a 10 percent stake in struggling Silicon Valley pioneer Intel in a deal that was completed…

President Donald Trump called the agreement "a great Deal for America" and said the building of advanced chips "is fundamental to the future of our Nation."

The president said he hoped to “get as much as I can,” signaling a shift in the relationship between government and private business.