Donald Trump’s ongoing effort to remake American capitalism continued apace on Friday, when Commerce Secretary Howard Lutnick announced that the government would be taking a 9.9 percent stake in chipmaker Intel in exchange for the government’s agreeing to release billions of dollars in grants that Congress had already authorized via the Chips Act.

Intel warned shareholders that the government’s stake could lead to "adverse reactions" from international customers, investors, and business partners.

The U.S. government is free to sell its new Intel stake in one year. A sale would weigh heavily on the company’s market value.