Trump says U.S. should have sought a larger stake in Intel after government deal
The Facts
- Trump said he should have asked for a larger U.S. stake in Intel than the holding the government obtained in last year’s deal.
- In recounting the talks, Trump said he asked Intel CEO Lip-Bu Tan for “10% ownership for free.”
- Multiple reports say the U.S. government ended up with about a 10% stake in Intel through the deal announced last year.
- The deal was tied to roughly $10 billion in government support or investment for Intel related to building or expanding factories in the United States.
- Reports say the value of the government’s Intel stake has increased substantially since the deal, reflecting Intel’s rising share price.
- Trump said he wanted credit for the Intel deal and argued it had produced gains for the United States, underscoring the political stakes he attaches to the investment.
- When asked about an exit strategy, Trump said he believed the government could sell Intel shares gradually over time without sharply hurting the stock price.
How left and right are reading this
- Both agree
- Public money tied to Intel’s U.S. factory expansion should have secured a meaningful return for the United States, a premise reinforced by Trump’s claim that the government’s roughly 10% stake has already gained value and could be sold over time.
- They split on
- Less a disagreement than a question of emphasis: whether the deal underpriced the public’s equity upside and long-term stewardship role, or whether it should chiefly be judged as a reciprocal investment that delivers measurable gains to the country.
Context
What deal is Trump referring to?
He is referring to a deal announced last year in which the U.S. government took about a 10% stake in Intel while also providing roughly $10 billion tied to Intel’s U.S. factory buildout or expansion plans Reuters,Economic Times,Investing.com India.
Why is this drawing attention now?
The comments come after Intel’s stock rose sharply, increasing the value of the government’s stake and turning the deal into a more visible example of direct U.S. involvement in a major chipmaker Reuters,Economic Times,Investing.com India.
What remains unresolved?
Trump said he thought the government could sell its Intel shares gradually, but the reports do not describe a formal timetable or detailed exit plan for unwinding the stake Reuters,ETTelecom.com,自由時報電子報.
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