White House announces chipmaker Intel to give US government 10% stake

"This historic agreement strengthens US leadership in semiconductors, which will both grow our economy and help secure America's technological edge," Lutnick wrote on X in a post accompanied

Shares of the Santa Clara, California-based chipmaker soared in after-hours trading, rising more than 5%.

President Donald Trump revealed the deal earlier on Friday during remarks in the Oval Office, calling it a "great deal for them". The

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