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The United States government holds a 10% stake in Intel as part of an effort to bring semiconductor manufacturing back to the country, President Donald Trump announced.
The strategy includes key partnerships with major technology companies to build chips locally.
Nvidia agreed to build its first-level chips with Intel, while Elon Musk decided to build a massive semiconductor facility called TerraFab in collaboration with Intel's technology team. Apple also agreed to design and build its chips domestically in partnership with Intel.
The public investment has grown significantly in value. When the administration made the offer, Intel had a valuation of approximately 100 billion dollars.
The company is now valued at over 600 billion dollars, marking a value increase of over half a trillion dollars within nine months. The state-owned share is now worth more than 60 billion dollars.
His statement on social media follows as such:
The Technology the World relies on was invented in America. We all remember “Intel Inside.” Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories. They forgot to protect our Industries with TARIFFS. When I won my Second Term (Third, actually!), it was clear America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW! So I decided to help Intel because we need to design and build our Chips right here in America. First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel. Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel’s Technology team. And, finally, Apple has agreed to work with Intel to design and build its Chips in America. We decided to help Intel in exchange for 10% of their shares. Is that too much or, too little? They were worth around 100 Billion Dollars when we made our offer. Now they are worth over 600 BILLION DOLLARS! Nine months, and they’ve increased in value over HALF A TRILLION DOLLARS. America’s stake is now over 60 Billion Dollars. When was the last time a President made America money?? Thank you for your attention to this matter! President DONALD J. TRUMP
The strategy includes key partnerships with major technology companies to build chips locally.
Nvidia agreed to build its first-level chips with Intel, while Elon Musk decided to build a massive semiconductor facility called TerraFab in collaboration with Intel's technology team. Apple also agreed to design and build its chips domestically in partnership with Intel.
The public investment has grown significantly in value. When the administration made the offer, Intel had a valuation of approximately 100 billion dollars.
The company is now valued at over 600 billion dollars, marking a value increase of over half a trillion dollars within nine months. The state-owned share is now worth more than 60 billion dollars.
His statement on social media follows as such:
The Technology the World relies on was invented in America. We all remember “Intel Inside.” Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories. They forgot to protect our Industries with TARIFFS. When I won my Second Term (Third, actually!), it was clear America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW! So I decided to help Intel because we need to design and build our Chips right here in America. First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel. Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel’s Technology team. And, finally, Apple has agreed to work with Intel to design and build its Chips in America. We decided to help Intel in exchange for 10% of their shares. Is that too much or, too little? They were worth around 100 Billion Dollars when we made our offer. Now they are worth over 600 BILLION DOLLARS! Nine months, and they’ve increased in value over HALF A TRILLION DOLLARS. America’s stake is now over 60 Billion Dollars. When was the last time a President made America money?? Thank you for your attention to this matter! President DONALD J. TRUMP
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