Trump Says U.S. Took 10% Stake in Intel, Claims Value Surged to Over $60 Billion

The president said deals with Nvidia, Apple, and Elon Musk's TerraFab brought semiconductor manufacturing back to America, boosting Intel's market value by more than half a trillion dollars.

WHITE HOUSE — Donald J.Trump posted on Truth Social on June 17, 2026 at 11:29 PM EST, posted on Truth Social on June 17, 2026, by mentioning the source (see truthsocial), claiming the United States government acquired a 10% stake in Intel in exchange for helping the chipmaker rebuild domestic semiconductor manufacturing, and that the investment has already yielded a paper gain of more than $60 billion. Trump said Intel was worth approximately $100 billion when the administration made its offer and is now valued at over $600 billion, representing an increase of more than half a trillion dollars in roughly nine months. “When was the last time a President made America money?” Trump wrote, signing the post as “Donald J.Trump.” The post outlined a series of deals the administration brokered to anchor advanced chip production on American soil. Trump said Nvidia agreed to have Intel fabricate its “first level” chips, that Elon Musk committed to building what Trump called “TerraFab” — described as the largest chip factory in the world — designed in partnership with Intel’s technology team, and that Apple agreed to work with Intel to design and build its chips in the United States. Trump framed the effort as a correction of decades of policy failure, accusing previous administrations of letting Taiwan and other nations “steal” American semiconductor factories by failing to impose tariffs. “We design everything, but we need to BUILD it here, NOW!” he wrote, adding that when he won what he called his “Second Term (Third, actually!),” it was clear the semiconductor industry needed to return to the country. The claims could not be independently verified at the time of publication. Intel, Nvidia, Apple, and representatives for Elon Musk did not immediately respond to requests for comment. A 10% government equity stake in a major publicly traded technology company would be unprecedented in modern U.S. history and would raise significant questions about federal ownership of private enterprise, antitrust implications, and congressional authorization. In the last 30 days, 14 of Trump’s 663 Truth Social posts addressed the topic of economy and tariffs, including five specifically focused on jobs, manufacturing, and the “Made in America” theme, according to a Zenger analysis. The frequency underscores the administration’s sustained messaging push around domestic industrial policy as a centerpiece of Trump’s economic agenda heading into the second half of 2026.

Source: Zenger analysis