White House press secretary Karoline Leavitt said the Intel deal is still "being ironed out by the Department of Commerce."

The White House announced a near-10 per cent stake in chipmaker Intel on Friday that converts government grants into an equity share.

White House press secretary Karoline Leavitt said the Intel deal is still "being ironed out by the Department of Commerce."

CFO David Zinsner has also downplayed concerns that Intel’s manufacturing arm could fall under outside control.