Intel CEO meets Trump, stock price surges over 10%, value of US government holdings doubles.

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Intel's stock surged 10% on Friday after its CEO Lip-Bu Tan met with U.S. President Donald Trump. This rally continues Intel's strong rebound; since the U.S. government took a stake in the chipmaker last August, Intel’s share price has more than doubled.

After the meeting, Trump posted on his Truth Social platform on Thursday: "The U.S. government is proud to be a shareholder in Intel." Trump praised Lip-Bu Tan as "very successful" and specifically mentioned a recently launched Intel chip, stating that the product was "designed, manufactured, and packaged entirely in the United States."

Lip-Bu Tan later responded on X, saying he was deeply honored and "very pleased to receive the full support and encouragement of President Trump and U.S. Commerce Secretary Howard Lutnick."

Lip-Bu Tan also noted that Intel's latest Core Ultra Series 3 CPU processors have already started shipping—this is Intel's first major product based on the 18A process technology.

Last August, the White House reached an agreement with Intel to invest $8.9 billion, acquiring 433.3 million shares at $20.47 per share. Intel's stock closed at $45.55 per share on Friday, bringing the value of the holding to about $19.74 billion. The stock has risen over 20% so far this year.

The friendly relationship between Trump and Lip-Bu Tan is in stark contrast to the previously tense ties before the government acquired its stake; it can be described as a complete 180-degree turnaround. Just a few weeks before the acquisition was announced, Trump posted on Truth Social accusing Lip-Bu Tan of "serious conflict of interest and must resign immediately."

Lip-Bu Tan was appointed Intel CEO in March 2025, when the company was facing declining sales and operational turmoil under former CEO Pat Gelsinger.

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