President Donald Trump stated that chipmaker Intel has agreed to give the federal government a 10 percent stake in the company.
Trump, speaking to reporters at the Oval Office on Aug. 22, said that Intel CEO Lip-Bu Tan agreed to the arrangement during their Aug. 11 meeting.
“He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States,” Trump said.
Despite Trump’s previous criticisms of Tan over his alleged connections to China, the president noted that he “liked him a lot” and “thought he was very good.”
“I said, ‘You know what? I think the United States should be given 10 percent of Intel.’ And he said, ‘I would consider that,’” Trump told reporters….