Intel Agrees to Sell U.S. a 10% Stake in Its Business

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

President Trump said on Friday that Intel, the troubled Silicon Valley chipmaker, had agreed to sell the U.S. government a 10 percent stake in its business, worth $8.9 billion, in one of the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.

At a news conference, Mr. Trump said the agreement had come out of negotiations last week with Lip-Bu Tan, Intel’s chief executive.

“I said, ‘I think it would be good having the United States as your partner.’ He agreed, and they’ve agreed to do it,” Mr. Trump said. “And I think it’s a great deal for them.”

Intel said the United States would invest $8.9 billion in its stock, on top of $2.2 billion that the government has paid the company under the CHIPS and Science Act, a federal program signed into law in 2022 that delivered billions in grants to revive U.S. semiconductor manufacturing. The government will not take a board seat or have other governance rights at Intel.