TLDR
- Intel (INTC) stock rose 10% Friday after CEO Lip-Bu Tan met with President Trump
- U.S. government stake purchased at $20.47 in August now worth $45.55 per share
- Trump praised Tan and called Intel investment a “great deal” on Truth Social
- Intel Core Ultra Series 3 processors now shipping, first sub-2-nanometer U.S. chip
- Stock up over 20% year-to-date and more than doubled since government investment
Intel (INTC) stock climbed 10% Friday following a meeting between CEO Lip-Bu Tan and President Trump. The gain extends a rally that has pushed shares up more than 20% year-to-date.
Trump posted on Truth Social praising Tan as “very successful.” He highlighted Intel’s Core Ultra Series 3 processors, the first sub-2-nanometer CPU designed, built, and packaged in the U.S.
“The United States Government is proud to be a Shareholder of Intel,” Trump wrote. The statement emphasizes Washington’s financial stake in the chipmaker.
Tan responded on X, saying he was honored by the “full support and encouragement” from Trump and Commerce Secretary Howard Lutnick. He confirmed the Core Ultra Series 3 processors are now shipping.
Government Stake Doubles in Value
The White House negotiated an $8.9 billion Intel (INTC) stock investment in August. The government purchased 433.3 million shares at $20.47 per share.
Intel (INTC) stock closed Friday at $45.55. That makes the government position worth $19.74 billion. The investment more than doubled in just four months.
Trump said the government “made a great deal, and so did Intel.” The investment came through CHIPS and Science Act funding.
The positive relationship marks a complete turnaround. Weeks before the August investment, Trump demanded Tan resign. He called the CEO “highly CONFLICTED” in a Truth Social post.
Senator Tom Cotton raised concerns about Tan’s Chinese company connections. He questioned potential national security risks.
Intel responded affirming its commitment to U.S. security interests. Tan told employees he operated within the highest legal and ethical standards throughout his 40-year career.
Intel Stock Performance
Intel (INTC) stock has rallied from under $20 earlier in 2025. Shares more than doubled since the government investment.
Tan became CEO in March 2025, replacing Pat Gelsinger. He took over during a period of declining sales and company instability.
The Core Ultra Series 3 launch represents Intel’s first major product built on Intel 18A technology. The chips are entirely manufactured in the United States.
Trump said the country is “determined to bring leading-edge chip manufacturing back to America.” The CHIPS Act funding supports semiconductor manufacturing for AI and advanced technologies.
Intel (INTC) stock closed at $45.55 Friday, marking new highs for 2026.
