President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal completed just a couple weeks after he depicted the

The back-to-back news items signal a public and private sector commitment to domestic semiconductor production and underscore Intel's importance.

Fox News host Lara Trump says President’s Intelligence Advisory Board chair Devin Nunes was right all along when it came to the Russia 'collusion hoax' on 'My View.'

Intel shares were up about 6% on the day, adding to earlier gains after reports that President Trump is set to announce the U.S. government is taking a nearly 10% stake in troubled chipmaker. The investment would cap a two-week frenzy in Washington over the future of the company.