tech
January 9, 2026
Intel stock jumps 10% after CEO meets with Trump as U.S. stake doubles value
President Donald Trump praised Intel CEO Lip-Bu Tan following their meeting and the boost to U.S. chip manufacturing.
TL;DR
- Intel's stock rose 10% after CEO Lip-Bu Tan met with President Donald Trump.
- The U.S. government invested $8.9 billion in Intel in August, acquiring a significant stake.
- Trump expressed pride in the U.S. government being a shareholder of Intel.
- Intel's latest Core Ultra Series 3 CPU processors, built on Intel 18A, are now shipping.
- The relationship between Trump and Tan has improved after initial rocky interactions concerning Tan's connections to Chinese companies.
- Tan was appointed CEO in March 2025.
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