(NEXSTAR) - President Donald Trump says it is in the nation’s best interest for the federal government to own a 10% stake in Intel, one of the country’s largest technology companies. The agreement converts billions of dollars in previously granted funds into equity, making the U.S. government a major shareholder in the semiconductor company. “I wanna see Intel do well,” Trump said. The deal is tied to the CHIPS and Science Act, a law designed to increase semiconductor manufacturing in the United States. President Trump has been a frequent critic of the law but said he pushed for this arrangement. “Intel was a great company and it could be great again,” Trump said. “I think it would be good if we owned 10 percent of your company. He said we will make that deal.” Economic experts say the move could signal a broader shift in how Washington engages with corporate America. Rita McGrath, a professor at Columbia Business School, said companies with government ownership are more likely to align with federal priorities. “Companies that the government has a hand in are likely to do what the government wants, not so much what they might do otherwise, if it was just a competitive situation,” McGrath said. She added that the administration likely wants to take credit if Intel revives and views reshoring manufacturing as a political win. President Trump has suggested Intel may not be the last investment. He has indicated an interest in taking government stakes in other companies, including defense contractors.