Trump’s 10% Intel (INTC) Stake Gains $47 Billion After Apple Chip Deal
Intel (INTC) shares hit a file on May 8 after a preliminary deal to fabricate silicon for Apple. The rally lifted the Trump-era U.S. authorities Intel stake from $8.9 billion to $56.5 billion.
Washington paid $8.9 billion for the 9.9% place eight months in the past. The Treasury now sits on roughly $47.6 billion in unrealized beneficial properties, in keeping with The Kobeissi Letter. Intel shares climbed about 18% intraday to round $129, an all-time high.
How the Trump-era Intel stake was constructed
In August 2025, the Trump administration transformed unpaid federal funding into 433.3 million Intel shares at $20.47 every.
The deal repurposed $5.7 billion in CHIPS and Science Act grants. It additionally drew $3.2 billion from the Defense Department’s Secure Enclave program.
President Trump publicly claimed credit score for the transfer, telling supporters the nation now owned 10% of Intel.
“The United States paid nothing for these Shares, and the Shares are actually valued at roughly $11 Billion Dollars. This is a good Deal for America and, additionally, an important Deal for INTEL,” Trump wrote on Truth Social on the time.
The place is held by the U.S. Treasury as a passive investor, with no board seats. The construction tied the stake to a broader chip tariff agenda.
Following information that Apple and Intel had reached an settlement for the semiconductors and chip builder to make chips in Apple gadgets, INTC inventory jumped 15%, pushing Trump’s funding to a valuation of $56.5 billion.
“That’s a achieve of +$47.6 BILLION in lower than 8 months. Truly unprecedented,” analysts on the Kobeissi Letter commented.
Why the Apple deal issues for Intel
The Wall Street Journal first reported the deal, the primary time Apple has agreed to make use of Intel for manufacturing silicon. Apple has traditionally relied on Taiwan Semiconductor Manufacturing Company for its customized chips.
Commerce Secretary Howard Lutnick had met repeatedly with CEO Tim Cook to push the partnership ahead.
Intel’s foundry enterprise has spent greater than a yr looking for an anchor buyer. Microsoft signed on for the 18A course of earlier this yr.
April 2026 was Intel’s strongest month on record with a 114% gain. The Apple deal provides one other main buyer to a foundry roadmap as soon as seen as struggling. It feeds the broader push to onshore semiconductor manufacturing.
The $47.6 billion achieve stays on paper. Any sale will hinge on market situations. It additionally relies on political urge for food for reserving a revenue on what was framed as industrial coverage.
The equity-for-grants method has drawn Senate scrutiny over Trump policy windfalls.
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