Quick overview

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Intel Corp. met with President Donald Trump and Chief Executive Officer Lip-Bu Tan on Thursday at the White House. ” The stock dipped by about 4% at Thursday’s trading session.

The two men discussed the company’s progress on its new line of processors following the U.S. government’s acquisition of shares in the chipmaker. Trump praised what he called progress at Santa Clara, California-based Intel, in a post to his Truth Social network. The company’s stock has risen more than 70% since plans to purchase up to 10% of it surfaced last year.

The United States currently owns 5.5 percent of the company, and more is expected to be acquired. Trump wrote, “I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan.” Both Intel and we struck a fantastic deal. Our country is determined to bring leading-edge chip manufacturing back to America, and that is exactly what is happening!!!”

Tan has acted quickly to stabilize the struggling chipmaker’s business since becoming CEO in March. Besides the US investment, Nvidia Corp. and SoftBank Group Corp. have also purchased stakes worth billions of dollars. Intel’s stock price has increased as a result of the deal, but the company still needs to demonstrate that new products will regain lost market share. Tan stated that Intel began shipping its first sub-2-nanometer 18A products on schedule at the end of 2025 during an industry conference this week.

Taiwan Semiconductor Manufacturing Co. remains the company’s primary supplier for the production of some chips. Although the US has not yet benefited as much from its holdings, Trump claimed in his post that the government had made “Tens of Billions of Dollars for the American People.” The US stake was valued at $5.7 billion when it was acquired in August. A significant portion of the government’s ownership remains dependent on upcoming events.