Trump Claims US Holds 10% Stake in Intel Worth $80 Billion
Donald Trump claimed that the United States holds a 10% stake in Intel Corp. as part of a financial agreement to support the Santa Clara-based chipmaker. Sharing screenshots of his remarks, Trump stated that he stepped in because the company needed assistance but conditioned the deal on receiving equity. "He said, 'You have a deal,'" Trump wrote, adding that Intel also provided "another gift" during the negotiations.
Trump wrote that the 10% equity stake is currently valued at $80 billion, claiming the government secured the same amount for the country over the past eight months. The comments align with his stated objective of capturing 50% of the global chip market by the end of his presidency, noting that the US currently holds virtually no share of the sector.
From the sources (5 posts)
@clashreportTrump: We can have 50% of the chip market by the time I leave office. You know what we have now? Nothing.
@clashreportTrump: Intel needed some help. I said, "I'll do it for you. But give the United States of America 10% of your company." He said, "You have a deal." He said it so fast, I should've asked for more.
@osint613Trump: We can have 50% of the chip market by the time I leave office. You know what we have now? Nothing.
@osint613Trump: "Another gift. Intel needed something, I said, 'I'll do it for you. But give the United States of America 10% of your company.' He said, 'You have a deal.' He said it so fast I should've asked for more."
@osint613Trump on Intel deal: "I made $80 billion dollars for the country in 8 months off the Intel deal. That stake is now worth $80 billion. I should've asked for more."