Trump Announces Major Deal With Computer Giant: ‘A Great Deal For America’
President Donald Trump announced on Friday a landmark agreement securing a 10% stake in semiconductor giant Intel for the United States—at no cost to taxpayers.
Trump broke the news on Truth Social, touting the deal as a “great Deal for America and, also, a great Deal for INTEL.” According to the president, he personally negotiated the arrangement with Intel CEO Lip-Bu Tan, calling the outcome a major win for U.S. technological leadership and economic strength.
“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL,” Trump posted. “The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars.”
The announcement comes as the administration continues its strategic push to restore U.S. dominance in chip manufacturing and secure critical supply chains from foreign influence—particularly in the face of growing concerns over China’s expanding tech footprint.
— Rapid Response 47 (@RapidResponse47) August 22, 2025
Deal Details: $11 Billion in Converted Support
According to reporting from the Associated Press, the U.S. obtained its 10% stake through a conversion of $11.1 billion in prior commitments, including funding and pledges. The result: 433.3 million shares of non-voting Intel stock purchased at $20.47 per share, below Intel’s market close on Friday of $24.80. That discount alone puts the government $1.9 billion ahead on paper.
Commerce Secretary Howard Lutnick echoed Trump’s enthusiasm, calling the agreement “historic.”
“This strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge,” Lutnick said in a post, thanking both President Trump and CEO Lip-Bu Tan for delivering a deal “fair to Intel and fair to the American People.”
Intel CEO Praises Trump Deal, Highlights U.S. Future
Intel CEO Lip-Bu Tan confirmed the deal in his own post, saying he met with Trump to finalize the agreement and emphasizing Intel’s commitment to American production.
“The U.S. government is investing $8.9B in @Intel to boost American semiconductor leadership,” Tan wrote. “We’re focused on ensuring the most advanced silicon technology and computing products of the future are designed and built right here in the USA.”
Just met with President Trump to announce a historic agreement: the U.S. government is investing $8.9B in @Intel to boost American semiconductor leadership.
I’m excited about the work ahead to ensure the most advanced silicon technology and computing products of the future are… pic.twitter.com/8PUcJyiNJu
— Lip-Bu Tan (@LipBuTan1) August 22, 2025
The move is part of a broader Trump administration effort to reindustrialize America and onshore production of strategic technologies. The president has consistently pushed companies to prioritize domestic manufacturing, particularly in areas like chips, AI, and defense systems.
Strategic Implications
With this deal, the U.S. government now holds a sizable ownership stake in one of the world’s most important chipmakers—a company that plays a central role in everything from national security to consumer technology.
The acquisition of a non-voting stake allows the federal government to benefit from Intel’s growth while staying out of the company’s day-to-day governance. Still, the move sends a clear signal: Washington is serious about ensuring U.S. semiconductor dominance for the long term.
The agreement could become a model for future public-private partnerships under the Trump administration’s evolving “America First” industrial policy.
And for now, President Trump is making it clear: when it comes to technology and economic power, America isn’t playing catch-up—it’s taking the lead.