Intel Chief Executive Meets Trump, Who Praises the Chipmaker’s Advancements

Trump and Intel CEO Discuss US Investment and Chip Manufacturing

Photo Credit: Alex Wroblewski/Bloomberg

Washington, D.C. — On Thursday, President Donald Trump welcomed Intel’s Chief Executive Officer, Lip-Bu Tan, to the White House. Their conversation centered on Intel’s advancements in its latest processor lineup, following the US government’s recent acquisition of a significant stake in the technology giant.

Trump took to his Truth Social platform to praise Intel’s momentum, noting that the Santa Clara-based company has seen its stock price soar by over 70% since the federal government announced intentions last year to purchase up to 10% of Intel’s shares. To date, the US has secured approximately a 5.5% ownership, with plans to increase that figure.

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“Just wrapped up an excellent meeting with Intel’s accomplished CEO, Lip-Bu Tan,” Trump posted. “We struck a FANTASTIC agreement, benefiting both Intel and our nation. America is committed to reviving advanced chip manufacturing domestically, and we’re making it happen!”

Following Trump’s remarks, Intel’s stock surged as much as 9.4% to reach $44.99 in New York trading on Friday. After an 84% increase in 2025, the company’s shares have climbed roughly 19% so far this year.

Since stepping into the CEO role in March, Tan has acted swiftly to stabilize Intel’s operations. Alongside the US government’s investment, both Nvidia and SoftBank Group have also acquired substantial multibillion-dollar stakes in the company.

While these deals have boosted Intel’s valuation, the company still faces the challenge of regaining lost market share with its new products. At a recent industry event, Tan announced that Intel began shipping its first 18A chips—featuring sub-2-nanometer technology—on schedule at the end of 2025. Nevertheless, Intel continues to depend on Taiwan Semiconductor Manufacturing Co. for some of its chip production.

Trump also claimed in his post that the government had generated “Tens of Billions of Dollars for the American People,” though actual profits from the US stake remain below that figure for now.

When the US acquired its shares in August, the investment was valued at $5.7 billion. Much of the government’s current stake depends on future developments. If taxpayers held all shares available under the complex arrangement, the stake would be worth $27.7 billion; at present, public ownership is just over $11 billion.

Intel representatives referred inquiries about the US stake to public filings. The White House did not immediately provide a comment.

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