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President Donald Trump met with Intel Chief Executive Officer Lip-Bu Tan at the White House on Thursday, as the United States government continues to increase its ownership stake in the famous American chip company.  Trump and Tan discussed the tech firm’s progress in making new and more powerful computer chips in the United States, as America pushes to bring advanced chip manufacturing back home.  President Trump later posted on his social media network, Truth Social, celebrating the meeting and praising Intel for making what he called “great progress” in its work. Intel is based in Santa Clara, California, and is one of the most well-known names in the computer hardware industry. Government expands stake to strengthen Intel Over the past year, Trump noted that the United States government has begun purchasing shares of Intel as part of a national strategy to bolster the country’s chip production capacity. Shares are ownership stakes in a company. Shareholders, whether owned by individuals or a government, become part-owners of that company. After all, the Trump administration plans to take a 10% ownership stake in Intel. As it stands, the government now owns approximately 5.5% of the company’s shares. Additional shares are expected to be acquired in the future. Intel’s stock price has soared since news first circulated about the government’s plan to buy shares.  Actually, the share price has increased by more than 70% in that time, making each share far more valuable than before. Higher prices bring great cheer for most shareholders, indicating that their shares are now worth more than they once were. President Trump also claimed that the government had made “tens of billions of dollars for the American people” and pointed to the increase in share value. In August, when the government purchased Intel shares, the package was valued at about…

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Filed under: News - @ January 9, 2026 3:26 am