Trump Buys Nearly 10% of Intel, Calls It a Win for America
In a Wild West sequel to government investing, the US bought a 9.9% stake in Intel for $8.9 billion because, as Trump declared, 'the United States should be given 10% of Intel.' After once calling for CEO Lip-Bu Tan's resignation over China ties, Trump flip-flopped to praising Tan's 'amazing story' and boasting about landing $10 billion for America. Meanwhile, Intel's stock coasted up 6% like a gamer on a power-up. Treasury's Scott Bessent promised the government is just a 'passive owner' and won’t turn Intel into Big Brother. Because what could possibly go wrong with Uncle Sam in Tech's boardroom?
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(1 of 3)Trump, who once wanted Intel's CEO out, now owns nearly 10% of the company and calls it a 'great deal.' It's like firing the waiter, then ordering half the restaurant. Welcome to America’s new version of business: buy, praise, confuse.
The US just bought 9.9% of Intel stocks because apparently 'partners' means shareholders who can’t sit at the adult table. Meanwhile, Trump’s playbook is now 'fire first, buy later, confuse always.'
Intel’s CEO went from 'resign!' to 'great story!' faster than a TikTok trend. Meanwhile, Uncle Sam is in the game with his shiny 9.9% stake—government investing but make it awkward.
Source: Businessinsider | Published: 8/22/2025 | Author: Brent D. Griffiths
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