On Thursday, U.S. President Trump met with Intel CEO Lip-Bu Tan at the White House to discuss the company's progress on new processor product lines following the U.S. government's acquisition of a stake in Intel. Trump posted on the social media platform Truth Social, expressing his appreciation for Intel's advancements. Since news broke last year about the federal government's plan to acquire up to a 10% stake in Intel, the company's stock price has surged by over 70%. Currently, the U.S. government holds approximately a 5.5% stake in Intel and intends to continue increasing its holdings.
