Washington: President Donald Trump announced that the U.S. government has finalized a deal to acquire a 10 percent stake in Intel Corp., valued at approximately $10 billion. This agreement is part of a strategy to secure federal subsidies for the American chipmaker, suggesting that similar deals could be on the horizon. According to Yonhap News Agency, Trump disclosed the agreement during a press availability, where he also mentioned recent discussions with Intel CEO Lip-Bu Tan. The talks come amidst growing concerns that the U.S. might consider acquiring stakes in foreign companies, such as Samsung Electronics Co., which benefited from U.S. grants under the 2022 CHIPS and Science Act. Trump remarked, "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." Earlier, Trump had urged the Intel chief to resign over alleged connections to China. He further emphasized the administration's approach, stating, "We do a lot of deals like that . I'll do more of them." On Thursday, the Wall Street Journal reported, citing a U.S. official, that the Trump administration is exploring the possibility of acquiring stakes in companies receiving CHIPS Act funds. However, there are currently no plans to seek shares in larger chipmakers with significant U.S. investments. Late last year, former President Joe Biden's administration announced a substantial funding award of up to $4.75 billion to Samsung. This funding aimed to bolster the company's chip manufacturing investments in central Texas.