Intel has actually consented to offer the United States a 10 percent stake in the business, Donald Trump revealed at a press conference Friday.

The United States stake deserves $10 billion, Trump stated, validating that the offer was tattooed following his talks with Intel CEO Lip-Bu Tan.

Trump had actually formerly required Tan to resign, implicating the CEO of having “concerning” ties to the Chinese Communist Party. Throughout their conference, the president declared that Tan “walked in wanting to keep his job and he ended up giving us $10 billion for the United States.”

“I said, ‘I think it would be good having the United States as your partner.’ He agreed, and they’ve agreed to do it,” Trump stated. “And I think it’s a great deal for them.”

Sources have actually recommended that Commerce Secretary Howard Lutnick pressed the concept of the United States purchasing big stakes in different chipmakers like Intel in exchange for access to CHIPS Act financing that had actually currently been authorized. Previously today, Senator Bernie Sanders (I-Vt.) supported the strategy, keeping in mind that “if microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment.”

Trump obviously does not prepare to look for a stake in every business that the United States has actually granted CHIPS moneying to. Rather, he likely prepares to just approach chipmakers that will not devote to increasing their financial investments in the United States. A federal government authorities, speaking anonymously, informed The Wall Street Journal Friday that “the administration isn’t looking to own equity in companies like TSMC that are increasing their investments” in the United States.