U.S. President Donald Trump said that Washington has acquired a 10% share in semiconductor giant Intel, describing the move as a strategic step to bolster domestic chip production.
«This is a win-win deal for America and for Intel, which is leading in advanced semiconductor and microchip manufacturing,» Trump wrote on Truth Social.
The agreement was reportedly reached with Intel’s chairman, Lip-Bu Tan. Trump emphasized that the U.S. government did not pay for the stake, though no further details of the arrangement were disclosed.
According to Bloomberg, the deal is expected to support Intel’s long-term investment in a new plant planned for Ohio, which could come online in the 2030s. The company has faced financial challenges in recent years and recently announced plans to reduce its global workforce by 15% before the end of 2025.
Following Trump’s statement, Intel shares climbed on the Nasdaq, rising 5.53% to $24.80 as of 1 p.m. Tashkent time. The company’s market capitalization at that point exceeded $108.5 bn.
