The Intel logo is displayed on a sign in front of Intel’s headquarters in Santa Clara, California, on July 16, 2025.
Justin Sullivan | Getty Images
intel Shares rose 7% on Friday after Chief Executive Lip Bu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since the U.S. took a stake in the chipmaker in August.
“The United States government is proud to be a shareholder in Intel,” President Trump said in a post on Truth Social after Thursday’s meeting.
President Trump praised Tan as “very successful” and touted Intel’s recent chip launches “designed, manufactured and packaged right here in the United States.”
Mr. Tan responded in his X post that he was “honored to have the full support and encouragement” of Mr. Trump and US Secretary of Commerce Howard Lutnick.
The CEO also said that Intel’s latest Core Ultra Series 3 CPU processors, the company’s first major product built on the Intel 18A, are now shipping.
In August, the White House negotiated an $8.9 billion investment in Intel, purchasing 433.3 million shares at $20.47 per share.
Its shares are now worth about $19 billion. The stock price has increased nearly 20% since the beginning of the year.
The friendly alliance between Mr. Trump and Mr. Tan is a reversal from the rocky relationship the two had before the administration’s investment.
A few weeks before the stake announcement, Trump said in a post on Truth Social that Tan was “very conflicted and must resign immediately.”
The request came after Sen. Tom Cotton (R-Ark.) raised concerns about the CEO’s ties to multiple Chinese companies and potential national security risks.
“Intel is a responsible steward of the American taxpayer and must comply with applicable security regulations,” Cotton said in a press release. “Mr. Tan’s organization has doubts about Intel’s ability to meet these obligations.”
Intel responded in a statement that the company, its board of directors, and Tan are “deeply committed to advancing the national and economic security interests of the United States.”
In a memo to employees, Tan also said the company is working with the administration to address the concerns.
“Let me be absolutely clear: Over 40 years in this industry, I have built relationships across diverse ecosystems around the world, and have always operated within the highest legal and ethical standards,” he said.
Tan was appointed CEO in March 2025 amid declining sales and instability at the company under the leadership of Pat Gelsinger.
