The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, according to a press release the company published on Friday.

Fox Business’s Larry Kudlow expressed concern on Friday over the Trump administration’s move to take a 10 percent stake in mega chipmaker Intel. “I am very, very uncomfortable with that idea. I’m very uncomfortable with that one,

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

After the Trump administration confirmed a rumor that the US is planning to buy a 10 percent stake in Intel, US Senator Bernie Sanders (I-Vt.) came forward Wednesday to voice support for the highly unusual plan,