Trump Says U.S. Intel Investment Earned $45 Billion as Stake’s Paper Value Rises Nearly Fivefold

On August 22, 2025, Intel and the Trump administration reached an agreement under which the U.S. government acquired 433.3 million shares, or about 9.9%, for $8.9 billion at $20.47 per share. The funding came from $5.7 billion in undisbursed CHIPS and Science Act grants and $3.2 billion from the Secure Enclave program, highlighting a new model in which Washington uses equity holdings to support advanced chips and national-security supply chains.

On May 4, 2026, Trump posted an Intel share-price chart on Truth Social and said the stock had climbed from about $20 in August 2025 to $97 in April 2026, earning the United States $45 billion in eight months. The figure represents an unrealized paper gain based on market prices because the stake has not been sold. The rally was driven by AI chip demand and a SoftBank capital injection, while the original $8.9 billion consisted of existing grants converted into equity rather than new government funding.