Trump's Investment in Intel Is Paying Off

Trump's Investment in Intel Is Paying Off The chipmaker reported higher than expected revenue on Thursday, and its stock price has risen over 90 percent since August. The Trump administration's investment in Intel appears to be paying off so far, but the once-mighty chipmaker still has a long way to climb back to industry dominance. In August, the US government announced it was converting about $9 billion in federal grants that Intel had been issued during the Biden administration into a roughly 10 percent equity stake in the company. During its third-quarter earnings on Thursday--its first financial update since Trump's surprise investment--Intel reported that it earned $13.7 billion in revenue over the past three months, a three percent increase year-over-year. It's the fourth consecutive quarter that Intel has beat revenue guidance.