US government announces 10% stake in chipmaker Intel

US Trade Secretary Howard Lotnick said on Friday, the federal government will receive 10% shares in Intel, he said.

“This historical agreement strengthens the US leadership in semiconductors that will enlarge our economy and help America’s technological superiority.”

Santa Clara’s shares, California -based chipset increased in post -hour transactions and increased by more than 5%.

President Donald Trump described the agreement as “a lot for them” on Friday during the statements at the Oval Office. BBC, the White House reached Intel who wanted to approve the agreement.