The Intel logo is displayed on a sign in front of Intel’s headquarters in Santa Clara, California, on July 16, 2025.
Justin Sullivan | Getty Images
intel Shares rose 6% on Friday after CEO Lipbu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since the U.S. acquired a stake in the company in August.
“The United States government is proud to be a shareholder in Intel,” President Trump said in a post on Truth Social after Thursday’s meeting.
President Trump praised Tan as “very successful” and touted Intel’s recent chip launches “designed, manufactured and packaged right here in the United States.”
Mr. Tan responded in his X post that he was “honored to have the full support and encouragement” of Mr. Trump and US Secretary of Commerce Howard Lutnick.
The CEO also said that Intel’s latest Core Ultra Series 3 CPU processors, the company’s first major product built on the Intel 18A, are now shipping.
In August, the White House negotiated an $8.9 billion investment in Intel, purchasing 433.3 million shares at $20.47 per share.
Its shares are now worth about $19 billion. The stock price has increased nearly 20% since the beginning of the year.
