The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel. "The president wants to put America's needs first, both from a national security and economic perspective," White House press secretary Karoline Leavitt told reporters.

President Trump is weighing taking a 10% stake in computer chip maker Intel. If approved, it would mark one of the largest U.S. government interventions in a private company since the auto bailout of 2008.