The deal has been financially beneficial for the US, as the government has earned over $30 billion from its Intel investments in recent months. This support followed Trump’s endorsement of the chipmaker, which was facing mounting challenges.
The President announced in August of last year that Intel had agreed to allocate a 10% stake to the US government. The government purchased 433.3 million shares at a price of $20.47 each, totaling an investment of $8.9 billion.
Intel reported that $5.7 billion of this amount was sourced from funds enabled by the CHIPS and Science Act, while the remaining $3.2 billion was drawn from a separate initiative aimed at enhancing secure chip manufacturing.
In addition to supporting Intel, the Trump administration has initiated over a dozen programs to strengthen critical sectors, including nuclear energy, steel production, and rare earth materials, as reported by Bloomberg. Furthermore, the President is considering a rescue plan for Spirit Airlines, which could result in the US government acquiring up to 90% of the airline upon its bankruptcy filing.
Also Read: Intel investment brought US $30 billion in 90 days, says US President Donald Trump
(Edited by : Juviraj Anchil)
