ChainCatcher News, informed sources say that the Trump administration and Intel are prepared to announce the details of an agreement on Friday that will allow the U.S. government to hold equity in the chip manufacturer. The specific details of this arrangement are unclear. The focus of the negotiations is to convert the funding under the CHIPS and Science Act into the government holding approximately 10% equity. This deal will be part of efforts to boost the struggling company, which President Trump believes is crucial to U.S. national security.

Intel's stock price rose 5.7%, reaching an intraday high. (Jin Shi)