US president Donald Trump (right) in the Oval Office with Lee Jae Myung. Photo: Reuters

US president Donald Trump (right) in the Oval Office with Lee Jae Myung. Photo: Reuters

US president Donald Trump has his eye on taking direct stakes in more businesses after his administration drove a deal to take a 10pc stake in Intel.

Mr Trump said on Monday that he hopes to have many more cases similar to the Intel deal, where the US federal government has taken a 10pc stake in the struggling chipmaker under an agreement that converts promised government grants into an equity share.