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Trump says Intel has made a 'fortune' and America has made $40 billion after the US invested in ailing chipmaker

Daniel Nenni

Admin
Staff member
"I think we are up $40 billion since I made that big deal for myself," said President Donald Trump in an interview with Fox News. "They came in to see me, and I say, 'You know what? I think United States should own 10% of your company.' And they gave me 10%. It has been good to them too. Their stock has gone up so much that they end up making a fortune, but we make $30 or 40 billion dollars on that deal. And the same thing with that Mountain Pass. But in that case, it's because we want to get the rare earth refined."

 
"I think we are up $40 billion since I made that big deal for myself," said President Donald Trump in an interview with Fox News. "They came in to see me, and I say, 'You know what? I think United States should own 10% of your company.' And they gave me 10%. It has been good to them too. Their stock has gone up so much that they end up making a fortune, but we make $30 or 40 billion dollars on that deal. And the same thing with that Mountain Pass. But in that case, it's because we want to get the rare earth refined."


So have INTEL cashed out?
 
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