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REVEALED: Trump says us to take 10 percent stake in intel | Rare Historical Photos

Intel Corporation Donald Trump United States LipBu Tan

Intel's shares rose on the announcement of the stake investment [File: Paul Sakuma/AP]

The United States government will take a 10 percent stake in Intel under an agreement with the struggling chipmaker, President Donald Trump has said, marking the latest extraordinary intervention in corporate affairs.

The US agreed to purchase a 9.9 percent stake in Intel for $8.9bn at a price of $20.47 a share, which is a discount of about $4 per share from Intel’s closing share price of $24.80 on Friday.

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