President Donald Trump announced the $8.9 billion deal on Friday, describing it as “a great partnership for America and for Intel” after personally negotiating with CEO Lip-Bu Tan at the White House. Combined with $2.2 billion in grants already paid to Intel, the total federal commitment reaches $11.1 billion. In an August 7 social media post, Trump demanded Tan step down, citing national security concerns raised by lawmakers. By mid-August, discussions had progressed to the point where Trump reportedly pressed Intel to surrender 10% of its equity to the government. Additionally, the deal includes a five-year warrant allowing the government to potentially increase its stake by another 5% under specific conditions.