President Donald Trump announced on Friday, that the U.S. government has secured a 10% stake in Intel Corporation, a move he hailed as a significant victory for American industry and national security.

The deal, which involved converting $8.9 billion in previously awarded but unpaid grants from the CHIPS and Science Act and the Secure Enclave program into equity, gives the government 433.3 million shares of non-voting common stock at $20.47 per share, representing a 9.9% stake.

Trump declared on Truth Social, "The United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future," and claimed the U.S. the shares are now valued at approximately $11 billion.

"The United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,” Trump wrote in a post. “I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL.”

The announcement marks a dramatic shift in the relationship between the U.S. government and a major private corporation. The deal was finalized after a series of events.

Trump had previously demanded the resignation of Intel CEO Lip-Bu Tan in early August 2025, citing alleged connections to China. However, after a meeting at the White House on August 11, Trump reportedly liked Tan and proposed the equity stake deal, which Tan agreed to.

The government's investment is funded by $5.7 billion in unpaid CHIPS Act grants and $3.2 billion from the Secure Enclave program. The government will have no board representation or governance rights, making it a passive investor.

Intel's stock rose 7% on Friday following the announcement. The government's stake was acquired at a discount to the market price, giving the U.S. an immediate paper gain.

The move is part of Trump's broader 'America first' strategy to boost domestic semiconductor. manufacturing and leverage government power to influence corporate decisions in service of national interest, including requiring Nvidia and AMD to pay a 15% commission on their sales in China for export licenses.

Trump said he hopes to replicate this deal with other critical U.S. companies. The government also holds a "golden share" with veto rights in the Nippon Steel-U.S. Steel merger and is set to become the largest shareholder in a rare earth mining company.

However some critics argue that repurposing the CHIPS and Science Act funding for the Intel stake, is an unprecedented government intervention in the private sector.

Intel has faced significant challenges, including falling behind competitors like TSMC and Nvidia in advanced chip technology, leading to a loss of over $22 billion since the end of 2023 and a recent plan to lay off 15% of its workforce.

The United Nations-backed Integrated Food Security Phase Classification (IPC) has officially declared a famine in the Gaza Governorate, which includes Gaza City, marking the first time famine has been confirmed in the Middle East. This comes nearly two years since Israel started its bombardment of Gaza on October 7, 2023.

This declaration on Friday, states that over half a million people are facing catastrophic conditions characterized by starvation, destitution, and death, with the crisis expected to spread to Deir el-Balah and Khan Yunis by the end of September.

The UN and aid agencies attribute the famine to a "systematic obstruction" of humanitarian aid by Israel, combined with the destruction of food infrastructure and relentless military bombardment.

The IPC confirmed famine (IPC Phase 5) in Gaza City, covering about 20% of the Gaza Strip, as of August 15, 2025. The situation is described as the most severe deterioration in the region since the IPC began analyzing hunger in Gaza. The famine is projected to expand to cover around two-thirds of the territory by the end of September 2025.

The UN and humanitarian organizations stated that the famine is entirely preventable and a direct result of the Israeli blockade and military actions. UN aid chief Tom Fletcher said food is "stacking up at borders because of systematic obstruction by Israel." The UN human rights chief, Volker Türk, said Israel's restrictions on aid may constitute starvation as a weapon of war, a war crime. UN Secretary-General Antonio Guterres called the situation a "man-made disaster" and a "moral indictment."

Israel has intensified its military operations in Gaza, particularly in Gaza City, with Prime Minister Netanyahu vowing to "open the gates of hell" on Hamas leaders.

In response, Israel's foreign ministry and defense ministry have rejected the findings, calling the report based on "Hamas lies" and asserting that a "massive influx of aid" has caused food prices, though they deny any policy of starvation. The Israeli defense ministry body, COGAT, accused the IPC of relying on "partial data" and ignoring information provided by Israel.

Israel initially blocked food and water entry into Gaza on October 9, 2023, leading to immediate food insecurity. The situation worsened after Israel launched a military offensive in Rafah in May 2024, closing the Rafah crossing and severely constraining aid. In early March 2025, Israel completely banned aid supplies for two months. UN agencies had warned of a looming famine for months, with the World Food Programme warning that people were "literally starving to death" by October 2023.

A SpaceX Falcon 9 rocket launched the USSF-36 mission carrying U.S. Space Force's X-37B Orbital Test Vehicle(OTV-8, on its own eighth mission), from Pad 39A, in NASA's Kennedy Space Center(KSC), Florida at 0350 UTC on Aug, 22.

The Falcon 9's first stage(B1092) returned to Earth as planned 8.5 minutes after liftoff producing a sonic boom heard across Brevard County, and touching down at Cape Canaveral Space Force Station, next door to KSC. The rocket's upper stage, meanwhile, continued spaceward deploying the X-37B in low Earth orbit(LEO).

The Space Force is believed to have two of the uncrewed 8.8-meter vehicles, both of which were built by Boeing. X-37B looks like a miniature version of NASA's now-retired space shuttle orbiters.

The USSF-36 mission is a classified flight, and the X-37B will spend an undisclosed amount of time in orbit conducting technology demonstrations for the U.S. Space Force. X-37B serves primarily as a testbed for sensors and other technology that the military wants to check out in Earth orbit, hence the space plane's other name -- the Orbital Test Vehicle (OTV).

On OTV-8 mission, the payloads are "next-generation technologies including laser communications and the highest-performing quantum inertial sensor ever tested in space," Space Force officials wrote in a July 28 statement.

A quantum inertial sensor is an instrument that allows spacecraft to gauge their acceleration, rotation and velocity using the principles of quantum mechanics.

"This technology is useful for navigation in GPS-denied environments and consequently will enhance the navigational resilience of U.S. spacecraft in the face of current and emerging threats," the July 28 statement reads. "As quantum inertial sensors would be useful for navigation in cis­lunar [Earth-moon] space, they additionally promise to push the technological frontiers of long-distance space travel and exploration."

The U.S. military also views laser-based communications as important to national security and American space superiority going forward. Laser comms are more secure than traditional radio-frequency systems because of their more targeted nature, and they can transmit more information.

During OTV-8, equipment aboard the X-37B will conduct laser-comms tests "involving proliferated commercial satellite networks in low Earth orbit," according to the July 28 statement.

"OTV-8's laser communications demonstration will mark an important step in the U.S. Space Force's ability to leverage proliferated space networks as part of a diversified and redundant space architecture," Chief of Space Operations Gen. Chance Saltzman said in the statement. "In so doing, it will strengthen the resilience, reliability, adaptability and data transport speeds of our satellite communications architecture."

One of those "proliferated space networks" is likely Starlink, SpaceX's huge and ever-growing broadband megaconstellation, which currently features more than 8,000 operational satellites in LEO. Several competitors are in the early construction phase, including Amazon's Project Kuiper, which to date has lofted 102 of its planned 3,200 satellites.

The X-37B — which launches vertically atop a rocket but comes down to Earth horizontally, on a runway — flew its first orbital mission in 2010. The vehicle's most recent previous flight, OTV-7, launched in December 2023 and landed on March 7 of this year.

That 434-day mission ended a pattern of ever-escalating duration. Previously, each X-37B sojourn had spent more time in space than its predecessors, from the 224-day OTV-1 to the 908-day OTV-6. We don't know how long OTV-8 is expected to last; that's one of the mission details that the Space Force keeps close to the vest.

OTV-8 is the third X-37B mission to launch on a SpaceX rocket. (Two have employed Falcon 9s and one lifted off on a Falcon Heavy). The other five flew atop United Launch Alliance's workhorse Atlas V, which is now being phased out in favor of the company's new Vulcan Centaur.

USSF-36 marked the fourth National Security Space Launch (NSSL) Phase 2 mission of the year and the third X-37B mission flown by SpaceX. The launch was conducted in cooperation with the Air Force Rapid Capabilities Office. USSF-36 is part of a record number of NSSL missions scheduled for the next 12 months.

The Falcon 9 booster, B1092, used in this USSF-36 mission was making its sixth flight, having previously launched missions including NROL-69, CRS-32, GPS III-7, and two Starlink missions.