The president recently secured a commitment by Nvidia and Advanced Micro Devices to pay the government 15% of their chip sales in China in exchange for export licenses. In Nippon Steel’s takeover of U.S. Steel, he received a “golden share” giving him sway over how the company operates.

A $2 billion investment represents a roughly 2% stake, ranking SoftBank the fifth-largest shareholder of Intel, while a reported 10% stake by the U.S. would be worth about $10.4 billion as of Monday’s share price.