US Official: Trump to Decide Timing of Intel Stock Holding

August 10th, White House National Economic Council Director Hassett stated that President Trump will decide how long to hold Intel (INTC.O) stock.

previously reported that on June 18th, President Trump posted on social media, stating that the United States clearly needs to bring the semiconductor industry back to the U.S., "We design everything here, but we need to build it here." So I have decided to help Intel because we need to design and manufacture our chips in the United States.

First, we brought in Nvidia, who agreed to collaborate with Intel to manufacture their Tier-1 chips. Second, Musk agreed to build his TerraFab, the world's largest chip factory, jointly designed with Intel's technical team. Finally, Apple has agreed to collaborate with Intel to design and manufacture its chips in the U.S. We decided to help Intel in exchange for a 10% stake. Is this too much or too little? When the U.S. government made the offer, they were valued at about $100 billion. Now they are valued at over $600 billion. In nine months, the value has increased by over $500 billion. The U.S. government's stake is now over $60 billion.