For the past few weeks, Intel, the American Chips Company, has been on a roller coaster.

Our colleague Robbie Whelan has been covering it.

It's really been a wild and crazy ride, and I'm happy to tell you all about it.

It started earlier this month with a post from President Trump calling for Intel CEO

Lip Bhutan to resign over business ties in China.

It says the CEO of Intel is highly conflicted, capital letters conflicted, and must resign immediately.

Tan quickly tried to put out the fire, flying to Washington to meet with the president in the Oval Office.

And they have this like hour-long meeting where he basically says,

look, my ties to China are in the past.

About a week later, Intel announced a major deal with the Trump administration.

Friday was like the culmination of a total roller coaster ride for Intel.

And I said, I think it would be good having the United States as you've fought.

He agreed.

And they've agreed to do it.

Under the agreement, the U.S. government becomes a partial owner of Intel.

It's getting a 10% stake in the company. And Robbie has the inside story on how it all went down. And President Trump, kind of like in a half-joking, half-serious way, said, maybe I should put my signature on these papers too. I've actually seen the papers. He put his name in big letters, Donald Trump. So he's very pleased about this.

And I think it's a great deal.

He walked in wanting to keep his job,

and he ended up giving us $10 billion for the United States.

So we picked up $10 billion.

Welcome to The Journal, our show about money, business, and power.

I'm Jessica Mendoza.

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