On Friday evening, President Trump announced that the United States government had reached an agreement with the tech company Intel, which involved the sale of a 10 percent stake in the business. He used his Truth Social account to share the announcement:

It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The…

— Trump Truth Social Posts On X (@TrumpTruthOnX) August 22, 2025

“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,” he wrote. “I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.”

“The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars,” Trump added. “This is a great Deal for America, and also a great Deal for INTEL. Building leading-edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation.”

As usual, the president closed with, “MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.”

As we previously covered, the Trump administration highlighted the country’s reliance on overseas suppliers for many essential products, such as semiconductors, describing it as a “national security problem” that President Trump aimed to resolve:

.@SecScottBessent: This is a national security problem, which we saw during COVID with our supply chains — and President Trump has decided that we cannot be at risk like that, dependent on foreign countries for our crucial medicines, for semiconductors, for shipping. pic.twitter.com/1XkWcv7qjd

— Rapid Response 47 (@RapidResponse47) April 6, 2025

Secretary Bessent said: (emphasis added)

This has been years in the building. Years in the making. This unsustainable system, our trading partners have taken advantage of us, we can see that through the large surpluses, we see that through the large budget deficit, and also, this is a national security problem which we saw during COVID. We saw, during COVID, that optimal supply chains are not resilient. And what I could say, is that the only good outcome from COVID is that it was a beta test for what would happen if our supply chains got broken. And President Trump has… decided, that we cannot be at risk like that for our crucial medicines, for semiconductors, for shipping, and we are going to move forward so the American people can know that they are going to have a more secure future.