Intel CEO Lip-Bu Tan met with President Donald Trump to review progress on the company's new line of processors. This meeting occurred shortly after the U.S. government acquired a 5.5% stake in the semiconductor giant.
The government acquisition forms part of a broader initiative to bolster leading-edge chip manufacturing within the United States. Since the federal investment plan was initially revealed, Intel's shares have seen a significant increase of over 70%.
President Trump used his Truth Social network to express satisfaction with the deal. He highlighted the ongoing push to bring advanced manufacturing back to America, underscoring the strategic importance of the semiconductor industry to national interests.