Following President Donald Trump's praise of the long-struggling chipmaker's technological advancements and stock market performance, Intel Corp. shares saw their biggest increase since September.
Following the US government's acquisition of shares in the chipmaker, Trump met with Intel CEO Lip-Bu Tan on Thursday at the White House to discuss the company's new line of CPUs.
Trump praised recent developments at Santa Clara, California-based Intel in a post on his Truth Social network. Since proposals to purchase up to 10% of the firm surfaced last year, Intel's stock has increased by roughly 90%.
The United States currently owns around 5.5% of the company, and more is expected to be bought. Trump wrote, "I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan." Both Intel and we struck a fantastic deal.
Our nation is committed to bringing cutting-edge chip manufacturing back to the United States, and that is precisely what is taking place!
Following the comments, Intel shares surged 11% to $45.55 in New York on Friday the largest single-day gain since September 18. The stock is up over 23% so far this year after gaining 84% in 2025.
Tan has acted swiftly to try to stabilize the struggling chipmaker's operations since assuming the position of CEO in March. Apart from the US investment, multibillion-dollar holdings have also been acquired by Nvidia Corp. and SoftBank Group Corp.
Although the US has not yet benefited as much from its assets, Trump claimed in his statement that the government had made "Tens of Billions of Dollars for the American People."
The US interest was valued at $5.7 billion when it was acquired in August. A significant amount of the government's ownership is still dependent on upcoming events.
The holding would be worth $27.7 billion if taxpayers now held all of the shares in a convoluted structure. Public ownership is at just over $11 billion.
