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BTCC / BTCC Square / Global Cryptocurrency /
Intel Stock Surges 10% Following CEO Meeting with Trump, U.S. Government Stake Soars

Intel Stock Surges 10% Following CEO Meeting with Trump, U.S. Government Stake Soars

Author:
Global Cryptocurrency
Published:
2026-01-10 07:22:02
16
1
BTCCSquare news:

Intel shares rallied 10% on Friday after CEO Lip-Bu Tan met with former President Donald Trump, who lauded the executive as "very successful" in a Truth Social post. The U.S. government's $8.9 billion stake in Intel, acquired last August at $20.47 per share, has now ballooned to $19.74 billion—a testament to the chipmaker's resurgence.

The company's momentum coincides with the launch of its Core Ultra Series 3 processors, the first sub-2-nanometer CPU fully designed, built, and packaged domestically. "The United States Government is proud to be a Shareholder of Intel," TRUMP declared, underscoring the strategic alignment between Washington and the semiconductor giant.

Tan acknowledged the administration's support on X, confirming shipments of the new processors have commenced. Intel's stock has more than doubled since August, with year-to-date gains exceeding 20% as it capitalizes on both technological breakthroughs and geopolitical tailwinds.

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