Trump defends an Intel share of $ 11 billion, and hints in future deals

president Donald Trump On Monday, he defended the 10 % share of the country in Intel, where criticism criticized the deal in a post on the morning social media.

“I paid a zero for Intel, but rather is about 11 billion dollars,” Trump wrote in fact before the opening in Wall Street. “Everything goes to the United States of America. Why are” stupid “are not satisfied with that? I will make deals like this to our country throughout the day. I will also help those companies that cross such profitable deals with the United States. I would like to see their share price rise, make the United States richer, and more jobs for America !!!

Intel shares have gained 28 % This month, the deal is nourished to help strengthen the faltering chips and focus on American -made semiconductors. The Trump administration is studying more similar deals, according to White House economic advisor Kevin Haysit.

index	protection	last	Changing	% Change
Intc	Intel Corp.	25.20	+0.40	+1.63 %

Trump announces the Intel deal

“I am sure that at some point there will be more transactions, if not in this industry, then other industries,” Haysit told CNBC.

A $ 11 billion share is a mixture of regular stocks and grants from the American Chips and Science Law that formed During the Biden administration During the reign of former CEO, Gilgringer, who was forced to get out of his role as the company floundered.

“The government interference in the free market economy occurred when the chips law was issued.” So I do not think there is any increase in socialism here. I think socialism was already committed when we started customizing the capital the way we did at that time. “

Intel CEO will continue to lead the company after Trump canceled his initial recommendation to be expelled on his relationships with China.

Trump calls for the launch of the CEO of Intel

“As the only semiconductor company that is searching and developing in the United States in the United States, Intel is deeply committed to ensuring that the most advanced technologies in the world are American,” Tan said in the announcement of the deal.

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The investment also aims to help INTEL to restore its feet. It was reported to lose in the second quarter of $ 2.9 billion, or $ 0.67 per share, while revenues of $ 12.9 billion have not changed from the previous period.