Washington: President Donald Trump announced Friday that the United States government had successfully negotiated a deal with Intel Corporation, securing a 10 percent stake in the prominent American chipmaker in exchange for federal subsidies. This move marks a significant development in the administration's strategy to enhance domestic technological capabilities and suggests potential for similar future agreements.

According to Yonhap News Agency, President Trump made these remarks during a press availability session, reflecting on his recent discussions with Intel CEO Lip-Bu Tan. These talks occur amid ongoing concerns that the U.S. might also pursue stakes in international companies, such as Samsung Electronics Co., which has been a recipient of U.S. grants under the 2022 CHIPS and Science Act.

During the session, Trump stated, "He walked in, wanting to keep his job, and he ended up giving us $10 billion for the United States. So, we picked up $10 billion," referencing the value of the newly acquired stake in Intel. Earlier this month, Trump had publicly called for the resignation of the Intel chief due to alleged connections to China. He further emphasized the administration's intent to pursue similar strategies, saying, "We do a lot of deals like that. I'll do more of them."

Later, in a post on Truth Social, Trump elaborated that the U.S. now "fully owns and controls" 10 percent of Intel, with the shares currently valued at approximately $11 billion. He asserted, "I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars."

Trump described the agreement as a "great Deal for America and, also, a great Deal for INTEL," highlighting the critical role of Intel in producing advanced semiconductors and chips, which he deemed essential to the nation's future. He concluded his message with the phrase, "MAKE AMERICA GREAT AGAIN!"

The Wall Street Journal reported on Thursday, citing a U.S. official, that the Trump administration is contemplating acquiring stakes in companies benefiting from the CHIPS Act funding. However, there are currently no plans to seek shares in larger chipmakers that are increasing their U.S. investments. This follows a decision by former President Joe Biden's administration last year to award Samsung up to $4.75 billion in direct funding to bolster its chipmaking investments in central Texas.