Trump says that the CEO of Intel has agreed to hand over the United States a 10 % stake in the patient’s chip maker star-news.press/wp

President Donald Trump said on Friday that the CEO of Intel has agreed to grant the US government a 10 % stake in the sick chips maker, while it may reach tremendous federal intervention in a private sector company outside a financial crisis or economic shrinkage.

The president described the ranking on Friday afternoon to reporters at the Oval Office. “I said,” I think it would be good to have the United States as your partner. “He agreed, and they agreed to do so.” “I think it’s great for them.”

Trump had previously paid to Intel CEO of Lip-Bu Tan to resign from his previous links to the Chinese government. However, the Trump administration is now fully throat to support the deal.

“This historic agreement enhances the American leadership in semiconductors, which will grow our economy and help secure the technological advantage of America,” said Houard Minister of Trade Huard Lottenic. In the publication of social mediaThe addition of the United States now “owns” 10 % of Intel.

On Friday afternoon, Intel said it aims to enhance her ability to produce semiconductors locally.

“As the only semiconductor company that is researching and developing in the leading logic and manufacturing in the United States, Intel is deeply committed to ensuring the most advanced technologies in the world,” He said in the company’s statement. “We are grateful for the confidence that the president and the administration put in Intel, and we look forward to working to enhance American technology and industrial leadership.”

The United States government is preparing for $ 8.9 billion through Intel Common shares, according to the company’s statement. This amount will be funded by a pair of federal scholarships under the Law of Chips and Science and the Safe Pocket Program. They were granted but have not been officially paid to the company yet. Intel has already received $ 2.2 billion under the Chips Law.

The deal, as described, is very unusual given the traditional focus of the United States on free markets with the state’s seat takes in the American economy. It was not immediately clear how the United States will turn the federal grants accepted by Intel under the Law of Chips and Science into shareholders’ shares, a step that may raise legal obstacles. Trump

“He has never been very unprecedented. The only time that the United States government has a active share to contribute to a private company either during the war or during an absolute economic disaster such as the great recession or in great depression,” said Scott Lincum, Vice President of the General Economy at the Kato Institute of the Kato Institute at the Kato ink Institute. “None of these things applies now.”

This step was one of the prominent fans among the progressive. Senator Bernie Sanders from Vermont has long prompted the United States government to become a contributor to companies that accepted federal funds under the Law of Chips and Science, a law of two parties signed by former President Biden.

“I am happy that the Trump administration is consistent with the amendment that it offered three years ago to the chips law,” Sanders said in a statement.