Trump Says 10% Stake In Intel Is A Done Deal: 'I Think It's A Great Deal For Them'

Intel Corp. (NASDAQ:INTC) stock climbed more than 6% on Friday after President Donald Trump said the government should acquire roughly a 10% stake in the struggling chipmaker.

Waiting For Official Announcement

President Trump told reporters at the White House that Intel had agreed to the deal, according to CNBC.

"They've agreed to do it, and I think it's a great deal for them," Trump said.

However, a White House official cautioned that discussions with Intel are still ongoing and that no final decision has been made.

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