The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.

The U.S. government has taken a 10% stake in struggling U.S. chipmaker Intel, President Donald Trump announced in a social media post.

WASHINGTON — President Donald Trump sealed a deal that gives the U.S. government a nearly 10% stake in Intel Corp., part of an unconventional bid to reinvigorate the beleaguered company and boost domestic chip manufacturing.