Catenaa, Friday, January 09, 2026- Intel stock climbed over 8% on Friday after CEO Lip-Bu Tan met with President Donald Trump, doubling the rally it has seen since the US took a stake in the chipmaker in August.
“The United States Government is proud to be a Shareholder of Intel,” Trump said in a Truth Social post Thursday following the meeting.
Trump lauded Tan as “very successful” and touted the launch of Intel’s recent chip that was “designed, built, and packaged right here in the U.S.A.”
Tan responded in an X post that he was honored and “delighted to have the full support and encouragement” of Trump and US Secretary of Commerce Howard Lutnick.
The CEO also noted that Intel’s latest Core Ultra Series 3 CPU processors, its first major product built on Intel 18A, is now shipping out.
Since taking over as CEO in March, Tan has moved quickly to try to shore up the troubled chipmaker’s business. In addition to the US investment, Nvidia and SoftBank Group have also acquired multibillion-dollar stakes.
In August, the White House negotiated an $8.9 billion investment in Intel, buying 433.3 million shares at $20.47 per share.
That stake is now worth about $19 billion. The stock is up nearly 20% since the start of the year.
Although the dealmaking has lifted Intel’s stock price, the company still needs to demonstrate that its new products will regain lost market share.
The amicable alliance between Trump and Tan has taken a full turn since the two’s rocky relationship before the administration’s investment.
A few weeks before the stake announcement, Trump said in a Truth Social post that Tan “is highly CONFLICTED and must resign, immediately.”
