On August 23, Beijing time, U.S. President Donald Trump stated that the United States will hold a 9.9% stake in Intel, as part of an agreement reached with the struggling chip manufacturer that converts government funding into equity stakes. This is the latest significant intervention by the White House in the U.S. business sector.

The protocol has improved the relationship between Trump and Intel CEO Chen Liwu, after Trump previously stated that, given the conflict of interest, this CEO should resign. The protocol will ensure that this chip manufacturer receives approximately $10 billion in funding to build or expand factories in the United States.
According to the protocol, the United States will purchase 9.9% of Intel's shares for $8.9 billion, at a price of $20.47 per share, which is about $4 lower than Intel's closing price of $24.80 on Friday.
The funds for the purchase of 433.3 million shares of Intel stock will come from the $5.7 billion in unpaid grants from the Biden administration's CHIPS Act, as well as the $3.2 billion grant provided to Intel for the security isolation project, which was also obtained during the term of former Democratic President Trump.
In after-hours trading on Friday, Intel's stock price rose by about 1%, following a 5.5% increase during regular trading.
A White House official said that Trump met with Chen Liwu on Friday. Following that, after Trump's meeting with the CEO of Intel on August 11, Trump requested him to resign.
Commerce Secretary Howard Lutnick stated on Twitter that the protocol reached by Tan is "fair to both Intel and the American people."