U.S. Government Expands Stake in Intel to Bolster Domestic Chip Production
President Donald TRUMP met with Intel CEO Lip-Bu Tan at the White House to discuss the company's advancements in semiconductor manufacturing. The U.S. government has been incrementally acquiring shares in Intel, now holding a 5.5% stake, with plans to reach 10%. This move aligns with national efforts to repatriate advanced chip production.
Intel's stock has surged since the government's investment strategy became public. The Santa Clara-based firm remains a cornerstone of America's tech infrastructure, with its progress in next-generation chips drawing bipartisan support. Trump later praised the company's achievements on his Truth Social platform.