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

[Daniel Nenni]

"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."

https://twitter.com/x/status/1979920008131018995

 

[Markwrob]

Note how he interchanges US and me.

 

[Barnsley]

"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."

https://twitter.com/x/status/1979920008131018995

So have INTEL cashed out?

 

[Brady]

So have INTEL cashed out?

Of course not. He’s speaking to Fox News viewers so it’s all bluster and borderline if not outright lies.

Interesting question though for this new age of fasc— ahem, sovereign investment: when is in fact the time to cash out?