Intel stock jumps 10% after CEO meets with Trump
The Intel logo is displayed on a sign in front of Intel headquarters in Santa Clara, California, on July 16, 2025.
Justin Sullivan | Getty Images
Intel Shares rose 10% on Friday after CEO Lip-Bu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since August when the US took a stake in the chip maker.
“The United States Government is proud to be a Shareholder of Intel,” Trump said. Real Social post Thursday after the meeting.
Trump praised Tan as “very successful” and praised the launch of Intel’s latest chip, which was “designed, manufactured and packaged right here in the USA.”
Tan replied x post He said he was “honored and pleased to receive the full support and encouragement” of Trump and US Commerce Secretary Howard Lutnick.
The CEO also noted that Intel’s latest Core Ultra Series 3 CPU processors, its first major product built on Intel 18A, are now available.
In August, the White House negotiated an $8.9 billion investment in Intel, purchasing 433.3 million shares at $20.47 per share.
The stock closed at $45.55 per share on Friday, valuing the stock at $19.74 billion. The stock is up more than 20% since the beginning of the year.
The friendly alliance between Trump and Tan has undergone a complete transformation since the duo’s rocky relationship before the administration’s investment.
A few weeks before the stock announcement, Trump made a statement: Real Social post Tan is “extremely CONFLICTED and should resign immediately.”
The request came after Sen. Tom Cotton, R-Ark., raised concerns about the CEO’s ties to multiple Chinese companies and a potential national security risk.
“Intel is required to be a responsible steward of American taxpayer dollars and comply with applicable security regulations,” Cotton wrote. Press release. “Mr. Tan’s dealings raise questions about Intel’s ability to meet these obligations.”
Intel responded in a statement He said the company, its board and Tan were “deeply committed to advancing the national and economic security interests of the United States.”
Tan also wrote on a note He informed employees that the company was working with management to address this concern.
“I want to be absolutely clear: In more than 40 years in the industry, I have built relationships around the world and across our diverse ecosystem and have always operated within the highest legal and ethical standards,” he said.
Tan was appointed CEO in March 2025 amid declining sales and company instability under Pat Gelsinger’s leadership.
