Trump: The U.S. helped Intel in exchange for a 10% stake, currently valued at over $60 billion

Odaily reported that U.S. President Trump stated in a post that the U.S. needs to bring the semiconductor industry back home, and therefore decided to help Intel in exchange for a 10% stake. Trump said the U.S. pushed NVIDIA, Elon Musk’s TerraFab, and Apple to collaborate with Intel in designing and manufacturing chips in the U.S. He noted that when the U.S. proposed the plan, Intel’s valuation was around $100 billion, but it has now exceeded $600 billion, making the U.S.-held stake worth over $60 billion.