Trump Regrets Not Demanding More Intel Stake After $50B Surge
The U.S. government's 9.9% stake in Intel, acquired for $8.9 billion in August 2024, has appreciated to over $50 billion. Former President Donald Trump stated he should have asked for a larger share, according to a recent interview. The investment was part of a broader strategy to bolster domestic semiconductor manufacturing. The stake's value surged due to Intel's strong performance and increased demand for chips. Trump's comment highlights ongoing political interest in the tech sector.
Key facts
- U.S. government acquired 9.9% stake in Intel for $8.9 billion in August 2024.
- Stake is now worth more than $50 billion.
- Trump said he should have asked for more of Intel.
- Investment aimed at boosting domestic semiconductor production.
- Value increase driven by Intel's performance and chip demand.
- Trump made the statement in a recent interview.
Entities
Institutions
- Intel
- U.S. government
Sources
- Quartz —