Lates News

On August 10, Larry Kudlow, director of the National Economic Council at the White House, stated that U.S. President Trump would decide when to hold Intel (INTC.O) stock. BlockBeats previously reported that on June 18, President Trump posted on social media that the U.S. clearly needs to bring the semiconductor industry back to American soil; we design everything and we need to manufacture it here in the U.S. So I decided to help Intel because we need to design and manufacture our chips in the U.S. First, we brought in NVIDIA, which agreed to collaborate with Intel to produce their first-tier chips. Second, Musk agreed to build his TerraFab, the largest chip factory in the world, in collaboration with Intel's technical team. Finally, Apple has agreed to work with Intel to design and manufacture its chips in the U.S. We decided to help Intel in exchange for a 10% stake. Is that too much or too little? When the U.S. government made the offer, it was valued at about $100 billion. Now it is worth over $600 billion. In nine months, it has appreciated by over $500 billion. The U.S. government's stake is now worth over $60 billion.