Trump Says Federal Intel Stake Has Made 'Tens Of Billions': Stock Climbs

Core Viewpoint - President Trump highlighted Intel Corp.'s new processors and the U.S. government's investment in the company, which positively impacted Intel's stock price [1][2]. Group 1: Company Developments - Intel launched the first sub-2 nanometer CPU processor designed, built, and packaged in the U.S.A. [2] - The U.S. government holds a 9.9% equity stake in Intel, acquired through an $8.9 billion investment [4]. - The funding for this investment was primarily derived from grants authorized under the CHIPS Act [5]. Group 2: Financial Impact - Trump claimed that the U.S. government's stake in Intel has generated tens of billions of dollars for American taxpayers within just four months [3]. - Following Trump's announcement, Intel shares increased by 1.78%, reaching $41.84 in extended trading [5]. Group 3: Historical Context - Trump's relationship with Intel and CEO Lip-Bu Tan has been complex, with a previous demand for Tan's resignation due to perceived conflicts of interest [4]. - After a significant meeting, Trump reversed his position and announced the equity stake agreement with Intel [4].