WASHINGTON (AP) — 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 company’s CEO as a conflicted leader unfit for the job. The remarkable turn of events makes the U.S. government one of Intel’s largest shareholders at a time that it is in the process of jettisoning more than 20,000 workers as part of its latest attempt to restructure under recently hired CEO Lip-Bu Tan. After calling for Tan’s ouster amid national security worries, Trump hailed him as a “highly respected” CEO.
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