US Official: Trump to Decide Timing of Intel Stock Holding

BlockBeats News, August 10th, White House National Economic Council Director Hassett said that US President Trump will decide how long to hold Intel (INTC.O) stock.

BlockBeats previously reported that on June 18th, US President Trump tweeted on social media that the US clearly needs to bring the semiconductor industry back to the United States. We have done all of the design, and we need to make it in the US now. So I have decided to help Intel because we need to design and manufacture our chips in the US.

First, we brought in Nvidia, who agreed to collaborate with Intel to manufacture their first-tier chips. Second, Musk agreed to build his TerraFab, the world's largest chip factory, jointly designed with Intel's technical team. Finally, Apple has agreed to collaborate with Intel to design and manufacture its chips in the US. We have decided to help Intel in exchange for a 10% stake. Is this too much or too little? When the US government made the offer, they were valued at about $100 billion. Now they are valued at over $600 billion. In nine months, their value has increased by over $500 billion. The US government's stake is now over $60 billion.