The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.

WASHINGTON — President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China.