U.S. Government Gains $72 Billion on 10% Intel Stake, Trump Claims No Credit
The U.S. government holds a roughly 10 percent stake in Intel and has gained approximately $72 billion on the position, President Trump said. He stated the ownership came from the conversion of unpaid CHIPS Act funding last year and that the government bought it at the right price.
The administration noted that Intel’s share price rose sharply following the transaction. Trump added that despite the financial gain, he receives no credit for the deal. It remains unclear how the government will exercise its ownership interest.
From the sources (6 posts)
@ericldaugh🚨 PRESIDENT TRUMP JUST NOW: "We made a 10% purchase of Intel and made $72 BILLION DOLLARS on that deal!" "Do I get credit on that one?! NO! I get no credit. None!" 🤣
@atruparTrump: "We made a purchase of 10% of Intel. We got it for the right price. And we made approximately $72 billion on that deal. So it was good. Do I get credit for that one? No. I get no credit!" (Tell me more about how Democrats are commun
@acynTrump: We made a purchase of 10% of Intel. We got it for the right price. Do I get credit for that one? No. It was an honor to do it. I love looking good.
@marionawfal🇺🇸 Last year the Trump admin turned unpaid CHIPS Act money into a roughly 10% ownership stake in Intel. Intel’s share price then exploded. Trump is now saying that stake is up $72 billion and the government made a killing: "Do I get cred
@acynClip 1: Trump complaining that he gets no credit for the government buying 10% of Intel. Clip 2: Trump saying we have to stop the threat of “communist rhetoric”
@davidfrumRT @ddale8: President Trump laments that he's gotten "no credit" for the "$19.2 trillion" in investment he says the US received in his firs…