The president's highly unusual announcement underscores the Trump administration's desire to take control over U.S. businesses.

The Trump administration and Intel Corp. are poised to announce details on Friday of an agreement to give the US government an equity stake in the chipmaker, people familiar with the plan say.

Conservative radio host Erick Erickson called the equity stake plan “terrible” and said it was “actual socialism happening by a Republican administration.”

Sen. Chris Coons (D-Del.) joins 'Squawk Box' to discuss President Trump's deal to allow Nvidia and AMD to sell chips to China, AI arms race with China, Trump administration's push for a stake in Intel,

Intel’s stock surges on SoftBank investment and potential U.S. government stake. Here’s why the rally could crumble. Money might not be the solution to Intel Corp.’s problems.