President Donald Trump has confirmed that the US will take a 10 percent stake in Intel. During a press conference on Friday, Trump said Intel CEO Lip-Bu Tan agreed to give the government the stake, which is valued at around $10 billion. Earlier this month, Trump called on Tan to resign over his ties to China, and today he positioned the deal as a way for the executive to “keep his job.”
Trump told reporters that he floated the offer during negotiations with Tan. “I said, ‘I think it…
