Intel stock rises after Trump touts ‘very successful' CEO, applauds government's investment [CNBC]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: CNBC
“I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan,” Trump wrote on Truth Social. In this article Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel shares rose 2% in extended trading on Thursday after President Donald Trump posted a flattering message on social media about the chipmaker and its CEO, and championed the government's investment in the company. “I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan,” Trump wrote on Truth Social. In August, the U.S. government took a 10% stake in Intel through an $8.9 billion investment. That came from CHIP Act grants that hadn't been paid and government awards for semiconductor manufacturing. “The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens o
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