Intel shares are rising on the Trump administration share in the chips maker

Intel The stocks rose about 6 % on Friday after Bloomberg stated that the Trump administration was preparing to announce that the United States government will get a share of shares in the faltering chips.

After the report, President Donald Trump He said that the government should get about 10 % of the company, which is worth the market slightly more than $ 100 billion.

“They have agreed to do this and I think it’s great for them,” Trump told reporters on Friday at the White House.

White House official told CNBC that there will be “ongoing discussions” with Intel, adding that nothing has been determined yet and that the CEO of Intel has not agreed to a deal. President Trump and Tan will meet later this afternoon.

Intel actor refused to comment.

This step will determine the latest example of a distinguished transformation in American industrial policy, as the government takes an active role in American companies. Trade Minister Howard Lootnick Tell CNBC this week The United States government was seeking a share in Intel in exchange for the chips law funds.

“We must get a share share for our money,” Lottennik said on CNBC.Screaming“So we will provide the money, which was already committed under the Biden administration. We will get property rights for that. “

Lootnick said that the government’s share will be “uncomfortable.”

Earlier this week, Intel announced another major supporter, when Softbank said it would invest in two billion dollars in the chips maker, equivalent to about 2 % of the company.

Intel is the only American company capable of making the most advanced chips on American beaches, although its technology is considered backward Taiwan semiconductor manufacturerWhich makes corporate chips including Apple, NVIDIA, Qualcomm, AMD and even Intel.

Intel spends billions of dollars to build a series of chips factories in Ohio, an area previously called by the company “Silicon Heartland”, where Intel will be able to produce the most advanced chips, including AI.

But in July, Tan said in a memo to employees that there would be no “empty checks more void”, and that he was slowing the construction of the Ohio factory complex, depending on the market conditions. The Intel Factory in Ohio is now scheduled to start in 2030.

Intel said last fall she was It has been completed A grant of approximately $ 8 billion under the Chips and Science Law to finance factory building plans. Law of chips was issued in 2022, under the administration of Biden.

CNBC David contributed to this report.

He watches: President Trump says that Intel should transfer 10 % of the company to the government