WASHINGTON — President Donald Trump sealed a deal that gives the U.S. government a nearly 10% stake in Intel Corp., part of an unconventional bid to reinvigorate the beleaguered company and boost domestic chip manufacturing.

The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel. "The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters.

President Donald Trump announced a 10% equity stake in Intel, marking a significant intervention in corporate America. The deal, part of broader U.S. government efforts under Trump's leadership to bolster domestic semiconductor manufacturing,

Air Force Lt. Gen. Jeffrey Kruse, who had led the military intelligence agency since February 2024, “will no longer serve as DIA Director,” a senior Defense Official told The Post.

SoftBank is investing $2 billion in Intel, even as the White House is considering taking a 10% stake in chipmaker per reports, as talks with the company and Trump's team advance.

The move follows an initial assessment by the agency in June indicating strikes against Iran’s nuclear facilities had a more limited effect than President Trump said.

President Donald Trump on Friday said the U.S. government had reached a deal to take a 10 percent equity stake in the chipmaker Intel, worth approximately $10 billion.“I said, I think it would be good having the United States as

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.