President Donald Trump announced a major deal on Friday that he said would give the United States full control of 10% of the computer company Intel.
Trump announced the deal first in a post on his Truth Social platform, where he touted the arrangement as “a great Deal for America and, also, a great Deal for INTEL.” The president said that he himself had negotiated the deal with Intel CEO Lip-Bu Tan.
“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,” Trump posted. “I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.”
“The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars,” he added. “This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.”
— Rapid Response 47 (@RapidResponse47) August 22, 2025
Commerce Secretary Howard Lutnick also touted the deal in a similar post on Friday afternoon, saying, “BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies. This historic agreement strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge. Thanks to Intel CEO @LipBuTan1 for striking a deal that’s fair to Intel and fair to the American People.”
The Intel CEO’s tone was equally optimistic as he, too, posted news of the arrangement along with the same photo Lutnick had shared.
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“Just met with President Trump to announce a historic agreement: the U.S. government is investing $8.9B in @Intel to boost American semiconductor leadership,” he posted. “I’m excited about the work ahead to ensure the most advanced silicon technology and computing products of the future are designed and built right here in the USA. Thank you @potus and @howardlutnick for the confidence you have in Intel to deliver for our country.”
Just met with President Trump to announce a historic agreement: the U.S. government is investing $8.9B in @Intel to boost American semiconductor leadership.
I’m excited about the work ahead to ensure the most advanced silicon technology and computing products of the future are… pic.twitter.com/8PUcJyiNJu
— Lip-Bu Tan (@LipBuTan1) August 22, 2025
A report from The Associated Press gave some details on the arrangement, which saw the United States “getting the stake through the conversion of $11.1 billion in previously issued funds and pledges. All told, the government is getting 433.3 million shares of non-voting stock priced at $20.47 apiece — a discount from Friday’s closing price at $24.80. That spread means the U.S. government already has a gain of $1.9 billion, on paper.”
