Stock Market | Trump: Will Assist Intel in Exchange for 10% Stake
According to Jinshi data, US President Trump posted late at night stating that America needs to bring the semiconductor industry back home, declaring his intent to support Intel because the US needs to design and manufacture chips domestically.
Trump stated that Nvidia agreed to collaborate with Intel to manufacture its tier-one chips; Musk consented to build TerraFab and work alongside Intel's tech team for design; Apple agreed to team up with Intel to design and manufacture its chips in the US.
Trump mentioned he would assist Intel in exchange for a 10% stake, noting that when the offer was made, Intel was valued at about $100 billion, but is now worth over $600 billion; in just nine months, the value increased by over $500 billion, with the US holding now exceeding $60 billion.
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