Donald Trump recalls: When I had told Intel CEO to give America 10% ownership for free
timesofindia.com / May 19, 2026, 07:47 (IST)
In a surprising move, the Trump administration announced in August 2026 that the U.S. government acquired a 10% stake in chipmaker Intel, valued at approximately $11 billion. This equity was reportedly secured in exchange for federal grants, with President Trump expressing satisfaction with the deal, which he believes strengthens American technological leadership.