Trump Reveals US Made $30 Billion In Last 90 Days From Intel Shares
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The Trump administration’s Intel investment is a major win for the United States.
Trump revealed that in the last 90 days, America has earned over $30 billion in that stock alone.
Intel Stock continues to rise. I’m very proud of that Company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone. There are others that, likewise, I have been very successful with by taking pieces of the Equity for support. Congratulations to Intel on doing such a great job and, more importantly, congratulations to the People of the United States for making such a good investment! President DONALD J. TRUMP
The US government paid $8.9 billion for Inel stock at a price of $20.47.
The stock closed at $94.75 on Wednesday.
The administration pulled funds previously allocated under the Biden administration. Commerce Secretary Howard Lutnick said that the investment would help boost American chip production.
Intel is currently the only U.S.-based company with these production capabilities.
The government paid $8.9 billion for 433.3 million shares of Intel common stock, priced at $20.47 per share at the time. The Trump administration drew $5.7 billion from grants under the CHIPS and Science Act, which supports domestic semiconductor production. The remaining $3.2 billion came from another program focused on making secure chips, according to Intel.
The company’s stock closed at $94.75 per share on Wednesday.
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