Intel Corp shares rose by their highest amount since September after the chip maker was praised by United States President Donald Trump.
This came after Trump met with Intel CEO Lip-Bu Tan on Thursday at the White House, where they discussed the company’s new line of processors following the U.S. government’s purchase of shares of the chipmaker.
“Intel just launched the first SUB 2 NANOMETER CPU PROCESSOR designed, built, and packaged right here in the U.S.A.,” Trump said in a social media post.
“The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens of Billions of Dollars for the American People — IN JUST FOUR MONTHS.”
Following the remarks, Intel shares jumped 11% to US$45.55 in New York, the biggest single-day increase for the chipmaker since 18 September.
So far for 2026, stocks for Intel have risen 20.60% and 129.76% year-over-year, according to TradingView.
The U.S. government took a 10% stake in Intel through a US$8.9 billion investment under the CHIPS and Science Act in August, making the Trump administration a majority shareholder.
Since this, the Intel share price has increased by 75%.
Other chip companies also experienced a boost from Trump’s praise for Intel.
Broadcom and Micron rose 1.66% and 1.36% in pre-market, respectively. AMD
gained 0.36%.
At the time of writing, Intel (NASDAQ: INTC) stocks were up 10.80% to US$45.55.
