Intel has agreed to sell the US a 10 percent stake in the company, Donald Trump announced at a news conference Friday. The US stake is worth $10 billion, Trump said, confirming that the deal was inked following his talks with Intel CEO Lip-Bu Tan.

In late summer 2025, Intel’s long-slumbering stock sprang to life as Washington’s political winds shifted. President Trump, who had once criticized Intel (INTC), suddenly signaled support. The U.S. announced plans to convert unused CHIPS Act grants into a roughly 10% equity stake in Intel.

Wall Street analysts don't expect the money alone to turn around Intel's business, which has suffered from years of declining sales and the loss of market share.