What Intel needs is external customers for its 14A manufacturing process - a tough ask, at least in the short term.

President Donald Trump said Friday that Intel will give the U.S. government a 10% stake in the company, an agreement he said followed a meeting last week with CEO Lip-Bu Tan — just days after Trump had called for Tan's resignation over his past ties to China.

The U.S. government has taken a 10% stake in struggling U.S. chipmaker Intel, President Donald Trump announced in a social media post.