US president Donald Trump announced in a social media post on Friday that the US government "now fully owns and controls" a 10pc stake in semiconductor producer Intel.
Trump noted the US "paid nothing" for the shares, which are valued at approximately $11bn.
The Trump administration has pushed to increase semiconductor production in the US, as Trump announced on 6 August a 100pc tariff on "all chips and semiconductors" imports. Trump noted that "there will be no charge" for companies that are currently building or have committed to building chips and semiconductors in the US.
The federal government has taken stakes in several companies during Trump's administration, including a "golden share" as part of Nippon Steel's acquisition of US Steel and the US Department of Defense purchasing $400mn of newly issued preferred stock in MP, giving it a 15pc stake and making the government the largest shareholder in the producer of rare earths materials.
