Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office.

President Donald Trump insisted on the stake in exchange for large grants committed when Joe Biden was president.

The largest chip manufacturer in the US has been in talks with Washington over a potential government stake in the company.

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during ...

US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel.

The Trump administration and Intel have reached an agreement for the U.S. government to own nearly 10 percent of the ...

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

The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...

In an unprecedented move to foster national semiconductor production, the U.S. government has attained a 10% equity stake in ...

The Trump administration and Intel are poised to announce details of an agreement to give the U.S. government an equity stake ...