Lutnick said the agreement is beneficial to both parties but no details on the arrangement have been released so far.

They’ve agreed to do it and I think it’s a great deal for them,” Trump said at the White House, referring to Intel.

US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel.

President Trump said Friday that Intel has agreed to give the U.S. government a 10 percent stake in the company. “They’ve ...

Trump signs $8.9B deal for 10% Intel stake, boosting U.S. semiconductor production, national security, and competitiveness ...

President Donald Trump insisted on the stake in exchange for large grants committed when Joe Biden was president.

US commerce secretary Howard Lutnick has said that Intel must give the US government an equity stake if the company wants to ...

Lutnick just laughed it off, indignantly pointing out that “we were just giving away the money” under the previous terms of ...

CNBC's Eamon Javers reports on U.S. Commerce Secretary Howard Lutnick's announcement that the United States government now ...

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have gone for a wild ride since President Trump took office.

The Trump administration and Intel have reached an agreement for the U.S. government to own nearly 10 percent of the ...

Commerce Secretary Howard Lutnick on Tuesday confirmed that the government wants Intel to cough up a 10% equity stake in ...