President Donald Trump said the U.S. government's equity stake in Intel Corp. generated $60 to $70 billion in eight months. In a CNBC interview, Trump explained he proposed taking a 10% stake in Intel instead of relying solely on CHIPS Act loans, and the company agreed. He stated the stock later surged, yielding the multibillion-dollar gain with little financial risk. Trump made the remarks when asked about potential government equity in AI firms, using Intel as an example of why owning equity can be more valuable than lending.
Intel CorporationTrump claims government's 10% stake in Intel generated $60-70 billion, implying stock surge and favorable government backing
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