On Friday, President Trump struck a deal with Intel. In exchange for around $9 billion in grants that the federal government awarded to the chipmaker during the Biden administration, the U.S. government gets an ownership stake in the company — just shy of 10%.

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.

RCP's Phil Wegmann asked President Trump at a White House event on Monday whether the U.S. government taking partial ownership of Intel is a bit hypocritical after campaigning against Kamala Harris as a "communist.