Insiders: Trump is set to announce Intel equity deal on Friday

ChainCatcher news, sources say that the Trump administration and Intel are set to announce the details of an agreement on Friday that will allow the U.S. government to hold equity in the chip manufacturer. The specific details of this arrangement are unclear. The focus of the negotiations is to convert funding under the CHIPS and Science Act into approximately 10% equity held by the government. This deal will be part of efforts to boost the struggling company, which President Trump believes is vital to U.S. national security.

Intel's stock price rose 5.7%, reaching an intraday high. (Jin Shi)