On August 22, 2025, President Donald Trump announced that the U.S. government purchased a 10% stake in Intel (INTC) for $8.9 billion by converting unspent “CHIPS Act” grants into shares at a price of $20.47—discounted from that day’s closing stock price of $24.80.

Today, Intel stock is trading at $121.06, up +387% since that specific day.

Simple calculation

An investor put $100,000 (about 375,000 riyals) into the stock when it closed that day ($24.80). Today, his stake would become more than $488,000 (about 1.83 million riyals)—a net gain exceeding $388,000 in less than 13 months.

Why is the stock rising right now, specifically?

The recent momentum is driven by three factors that built up over the past few days: a new partnership with Taiwan’s AUO to develop advanced packaging technology (Micro LED CPO) aimed at competing with TSMC in AI chip packaging; Tigress Financial raising its stock price target to $145 from $118; and reports of potential talks with SK Hynix to manufacture memory chips. Add to that an overall bullish sentiment in Nasdaq and the semiconductor index, alongside easing uncertainty around the Federal decision.