Trump Makes Big Announcement About New 'Deal' Between US Government and Intel

On Friday evening, President Trump announced that the United States government had struck a deal with tech company Intel, in which the company will sell 10 percent ownership of its business. He took to his Truth Social account to share the news:

It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The…
— Trump Truth Social Posts On X (@TrumpTruthOnX) August 22, 2025

"It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future," he wrote. "I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company."

"The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars," Trump added. "This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation."

As usual, the president closed with, "MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter."

As we previously wrote, the Trump administration called out the country's dependence on overseas suppliers for many of the products we depend on, like semiconductors--referring to it as a "national security problem" that Pres. Trump would work to fix:

.@SecScottBessent: This is a national security problem, which we saw during COVID with our supply chains — and President Trump has decided that we cannot be at risk like that, dependent on foreign countries for our crucial medicines, for semiconductors, for shipping. pic.twitter.com/1XkWcv7qjd
— Rapid Response 47 (@RapidResponse47) April 6, 2025

Secretary Bessent said: (emphasis added)

This has been years in the building. Years in the making. This unsustainable system, our trading partners have taken advantage of us, we can see that through the large surpluses, we see that through the large budget deficit, and also, this is a national security problem which we saw during COVID. We saw, during COVID, that optimal supply chains are not resilient. And what I could say, is that the only good outcome from COVID is that it was a beta test for what would happen if our supply chains got broken. And President Trump has... decided, that we cannot be at risk like that for our crucial medicines, for semiconductors, for shipping, and we are going to move forward so the American people can know that they are going to have a more secure future.

Here's what we know so far about how the agreement with Intel was reached:

At a news conference, Mr. Trump said the agreement had come out of negotiations last week with Lip-Bu Tan, Intel’s chief executive.
“I said, ‘I think it would be good having the United States as your partner.’ He agreed, and they’ve agreed to do it,” Mr. Trump said. “And I think it’s a great deal for them.”
Intel said the United States would invest $8.9 billion in its stock, on top of $2.2 billion that the government has paid the company under the CHIPS and Science Act, a federal program signed into law in 2022 that delivered billions in grants to revive U.S. semiconductor manufacturing. The government will not take a board seat or have other governance rights at Intel.
...
The deal with the Trump administration came together quickly. Mr. Trump had called for Mr. Tan’s resignation in a social media post this month, citing the executive’s ownership stakes in Chinese companies. Days later, Mr. Tan met with Mr. Trump at the White House and discussed giving the U.S. government an equity stake in the chipmaker.
On Wednesday, Mr. Lutnick and David Zinsner, Intel’s finance chief, reached the framework for an agreement, two people with knowledge of the discussions said. Later that day, Intel’s board blessed the deal, these people said. Mr. Lutnick and Mr. Tan settled the terms on Thursday, a person familiar with the meetings said.
Mr. Tan “walked in wanting to keep his job, and he ended up giving us $10 billion for the United States,” Mr. Trump said.

Tan said in a statement:

“We are grateful for the confidence the president and the administration have placed in Intel, and we look forward to working to advance U.S. technology and manufacturing leadership."

Secretary of Commerce Howard Lutnick also spread the word, in an X post that included a photo with himself and the Intel CEO:

BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies.

This historic agreement strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge.

Thanks to Intel… pic.twitter.com/AYMuX14Rgi
— Howard Lutnick (@howardlutnick) August 22, 2025

In the post, Lutnick wrote, "BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies."

The Commerce Secretary continued, "This historic agreement strengthens U.S. leadership in semiconductors, which will both grow our economy and help secure America’s technological edge."

He also thanked Intel CEO Lip-Bu Tan "for striking a deal that’s fair to Intel and fair to the American People."

This story is developing. RedState will provide updates as warranted.

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.

Please help us continue to report on President Trump's successes. Join RedState VIP and use promo code FIGHT to get 60% off your membership.