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.
Trump had previously called for Tan to resign, accusing the CEO of having "concerning" ties to the Chinese Communist Party. During their meeting, the president claimed that Tan "walked in wanting to keep his job and he ended up giving us $10 billion for the United States."