Trump says Intel CEO agrees to give 10% stake to US government; shares up over 7% on Wall Street

US President Donald Trump, on Friday, 22 August 2025, said that Intel's Chief Executive Officer (CEO) Lip-Bu Tan has agreed to give the US federal government $10 billion or an equivalent 10% equity stake in the big tech firm, reported the news agency Bloomberg.

President Trump said that he claims that it is a ‘great deal’ for Intel to give a 10% stake to the US government.

“They’ve agreed to do it and I think it’s a great deal for them,” Donald Trump told the White House reporters on Friday. “That’s about $10 billion,” he said.

The agency report also mentioned that Trump earlier proposed to the Intel CEO that the deal with the US federal government would revitalise the chipmaker against its competitors.

“And I said, You know what? I think the United States should be given 10% of Intel, and he said, ‘I would consider that,’ and I said, ‘Well, I’d like you to do that,’” Trump said, according to the agency report.

According to the agency report, Intel Corp. has refused to comment on the development. The news report also suggests that the Trump administration has not fully detailed its talks with Intel or with other companies on a similar topic.

Intel shares were trading over 7% higher on Friday's Wall Street session. The company's stocks hit an intraday high of $25.23. The chipmaker's shares are currently trading 6.02% higher at $24.91, compared to $23.50 at the previous US stock market close, according to the Marketwatch data.

According to market data, shares of the chipmaker hit their 52-week high at ₹27.55, while the 52-week low was ₹17.67.

Intel shares have lost 49.43% in the last five years. However, the stock has given US market investors more than 23% returns on their investment in the last one-year period.

On a year-to-date (YTD) basis, the shares have gained 23.24% in 2025 and are trading 4.27% higher in the last five market sessions on Wall Street. The company's market capitalisation (M-cap) stands at $102.86 billion as of the stock market session on Friday, 22 August 2025.

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