Administration

Trump says US government’s Intel stock made the country $30B in last 90 days

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by Sarah Davis - 04/29/26 8:22 PM ET

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by Sarah Davis - 04/29/26 8:22 PM ET

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President Trump said on Wednesday that federal stock holdings in Intel generated over $30 billion over the last several months, after he authorized the U.S. government’s investment in the struggling semiconductor chip manufacturing company last summer.

“I’m very proud of that Company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone,” the president wrote in a Truth Social post.

“There are others that, likewise, I have been very successful with by taking pieces of the Equity for support,” he continued. “Congratulations to Intel on doing such a great job and, more importantly, congratulations to the People of the United States for making such a good investment!”

The president announced last August that the American chipmaker had agreed to give the U.S. government a 10 percent stake in the company.

The administration pulled funds previously allocated under the Biden administration. Commerce Secretary Howard Lutnick said that the investment would help boost American chip production.

Intel is currently the only U.S.-based company with these production capabilities.

The government paid $8.9 billion for 433.3 million shares of Intel common stock, priced at $20.47 per share at the time. The Trump administration drew $5.7 billion from grants under the CHIPS and Science Act, which supports domestic semiconductor production. The remaining $3.2 billion came from another program focused on making secure chips, according to Intel.

The company’s stock closed at $94.75 per share on Wednesday.

The president celebrated the investment as a “great Deal for America and, also, a great Deal for INTEL” in a Truth Social post last summer.

The purchase garnered approval from Sen. Bernie Sanders (I-Vt.) at the time, who expressed support for using the CHIPS and Science Act provisions.

“Taxpayers should not be providing billions of dollars in corporate welfare to large, profitable corporations like Intel without getting anything in return,” Sanders said in a statement. “If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment.”

However, several Republicans were outspoken in their opposition to the investment.

Sen. Rand Paul (R-Ky.) called it a “terrible idea” and a “step toward socialism.”

“If socialism is government owning the means of production, wouldn’t the government owning part of Intel be step toward socialism?” he wrote on social media.

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