Intel has agreed to the U.S. government taking a stake in it, President Donald Trump and the company announced Friday, capping an extraordinary chapter between the White House and the computer-chip maker.

Intel is expected to receive about $10 billion in CHIPS Act grants from the government to help fund the building of chip plants in the U.S.

WASHINGTON -- President Donald Trump said that Intel has agreed to give the U.S. government a 10% stake in its business. Speaking with reporters on Friday, Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan — which came days after the president called for Tan to resign over his past ties to China.