02:45 PM EDT, 08/22/2025 (MT Newswires) -- (Updates with Intel's ( INTC ) response to a request for comment and latest share movement.)

Intel ( INTC ) has agreed to provide a 10% stake to the US that is worth roughly $10 billion, President Donald Trump told reporters Friday at the White House, according to a Bloomberg report.

Intel ( INTC ) declined to comment when reached by MT Newswires.

Shares were up 6.9% in recent afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 25.11, Change: +1.61, Percent Change: +6.85