Intel stock jumps 10% after CEO’s meeting with Trump

Intel the stock climbed 10% on Friday after the CEO Lip-Bu Tan met the president Donald Trumpcontinuing a rally that has seen the stock more than double since the U.S. took a stake in the chipmaker in August.

“The United States Government is proud to be a Shareholder of Intel,” Trump said in a Truth on social media Thursday following the meeting.

Asset hailed Tan as “very successful” and touted Intel’s recent chip launch that was “designed, built and packaged right here in the United States.”

Tan responded in a Message that he was honored and “delighted to have the full support and encouragement” of Trump and U.S. Commerce Secretary Howard Lutnick.

The CEO also noted that the latest Intel Core Ultra Series 3 processors, its first major product built on Intel 18Ais now shipping.

In August, the White House negotiated an $8.9 billion investment in Intel, purchasing 433.3 million shares at a price of $20.47 per share.

The stock closed at $45.55 per share on Friday, bringing that stake to $19.74 billion. The stock is up more than 20% since the start of the year.

The friendly alliance between Trump and Tan has taken a complete turnaround from the rocky relationship between the two before the administration’s investment.

Weeks before the participation announcement, Trump said in a Truth on social media that Tan “is very CONFLICTED and must resign immediately.”

THE request came after Sen. Tom Cotton, R-Ark., expressed concern about the CEO’s ties to several Chinese companies and the potential risk to national security.

“Intel must be a responsible steward of American taxpayer dollars and comply with applicable security regulations,” Cotton wrote in a statement. press release. “Mr. Tan’s associations raise questions about Intel’s ability to meet these obligations.”

Intel responded in a statement that the company, its board of directors and Tan are “deeply committed to advancing the national security and economic interests of the United States.”

Tan also wrote in a memo to employees that the company was working with the administration to resolve this issue.

“I want to be absolutely clear: in my more than 40 years in the industry, I have built relationships across the world and within our diverse ecosystem – and I have always operated with the highest legal and ethical standards,” he said.

Tan was named CEO in March 2025 amid declining sales and instability at the company under Pat Gelsinger.