WASHINGTON, D.C. — President Donald Trump said Wednesday that a federal investment in Intel has generated more than $30 billion in gains over the past 90 days, highlighting the administration’s involvement in the semiconductor industry.
Trump pointed to the government’s 10% stake in Intel, acquired last year, as a successful example of using public funds to support domestic manufacturing while delivering returns for taxpayers. The government purchased more than 433 million shares at about $20.47 per share, with funding drawn in part from the CHIPS and Science Act.
Intel’s stock has since risen significantly, closing near $94.75, which the administration says accounts for the reported gains. Trump described the move as a “great deal for America,” emphasizing both economic and national security benefits tied to domestic chip production.
The investment has drawn mixed reactions. Sen. Bernie Sanders supported the approach, arguing taxpayers should benefit when corporations receive federal support. In contrast, Sen. Rand Paul criticized the move as government overreach, calling it a “terrible idea” and warning it represents “a step toward socialism,” questioning whether government ownership of corporate equity aligns with free-market principles.
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