Intel gains after Trump lauds meeting with CEO
ReutersJan 9, 2026 3:37 PM
Chipmaker Intel's INTC.O shares surge 8.6% to $44.65
U.S. President Donald Trump said he had a "great meeting" with Intel CEO Lip-Bu Tan on Thursday
On August 22 last year, Trump administration announced a 10% equity investment by the U.S. government in INTC
INTC has gained 80% since the announcement, lifting the value of government’s stake to nearly $20 billion
U.S. government is the largest investor in Intel
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