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.

The struggling American chipmaker is betting that a new plant and fresh product line will help turn around its fortunes. After four years of construction, Intel said on Thursday that its Fab 52 semiconductor plant in Chandler, Arizona is now turning out its first chips. The company also shared more details about the long-awaited CPUs that it will be producing in the facility using Intel's brand new 18A process technology. The announcement comes just six weeks after the Trump administration acquired a 9.9 percent stake in Intel in exchange for $8.9 billion in stock. The fab opening, while long in the works, is the first major opportunity for the struggling American chip maker to convince the broader tech industry that it can produce some of the world's most advanced chips at scale--and that the White House's investment might pay off.