Only I can fix it · Second term · № 60
He told Intel's CEO he was the only one who could help
“And he said, 'Sir, I need your help.' And he said why, whatever it was. And I said, 'Well, you came to the right place. I'm the only one that can help you.' I said, 'Here's the deal. Give the United States of America 10% of Intel.'”
- Said
- , Night one of the 2026 Republican Midterm Convention, Dallas, Texas
- Subject
- rescuing Intel
- Topic
- Economy & prices
- Era
- Second term
What happened
The help came in exchange for equity. On August 22, 2025, he posted that "The United States of America now fully owns and controls 10% of INTEL," saying the stake was acquired at no cost, valued at about $11 billion, and negotiated with CEO Lip-Bu Tan. A May 18, 2026 White House release said the government's position had "surged in value to more than $50 billion" in eight months.