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The Intel brand is displayed on an indication in entrance of Intel headquarters in Santa Clara, California, on July 16, 2025.
Justin Sullivan | Getty Photographs
Intel inventory climbed 10% on Friday after CEO Lip-Bu Tan met with President Donald Trump, persevering with a rally that has seen the inventory greater than double because the U.S. took a stake within the chipmaker in August.
“The US Authorities is proud to be a Shareholder of Intel,” Trump mentioned in a Reality Social publish Thursday following the assembly.
Trump lauded Tan as “very profitable” and touted the launch of Intel’s latest chip that was “designed, constructed, and packaged proper right here in the usA.”
Tan responded in an X publish that he was honored and “delighted to have the complete help and encouragement” of Trump and U.S. Secretary of Commerce Howard Lutnick.
The CEO additionally famous that Intel’s newest Core Extremely Sequence 3 CPU processors, its first main product constructed on Intel 18A, is now delivery out.
In August, the White Home negotiated an $8.9 billion funding in Intel, shopping for 433.3 million shares at $20.47 per share.
The inventory closed at $45.55 per share on Friday, making that stake value $19.74 billion. The inventory is up greater than 20% because the begin of the 12 months.
The amicable alliance between Trump and Tan has taken a full flip because the two’s rocky relationship previous to the administration’s funding.
Just a few weeks earlier than the stake announcement, Trump mentioned in a Reality Social publish that Tan “is very CONFLICTED and should resign, instantly.”
The demand got here after Sen. Tom Cotton, R-Ark., expressed concern over the CEO’s connection to a number of Chinese language corporations and the potential nationwide safety danger.
“Intel is required to be a accountable steward of American taxpayer {dollars} and to adjust to relevant safety rules,” Cotton wrote in a press launch. “Mr. Tan’s associations increase questions on Intel’s skill to meet these obligations.”
Intel responded in an announcement that the corporate, its board of administrators and Tan are “deeply dedicated to advancing U.S. nationwide and financial safety pursuits.”
Tan additionally wrote in a memo to staff that the corporate was working with the administration to deal with the priority.
“I need to be completely clear: Over 40+ years within the trade, I’ve constructed relationships around the globe and throughout our various ecosystem – and I’ve all the time operated inside the highest authorized and moral requirements,” he mentioned.
Tan was appointed CEO in March 2025 amidst declining gross sales and firm instability underneath Pat Gelsinger’s management.
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