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?

 

[Arthur Hanson]

I have followed CNBC for over twenty years, Maria Bartiromo is not their best interviewer and doesn't do her homework. Do your own homework on this one. I do this professionally, so this is not just a casual thought, I put considerable money on my own research. CNBC is generally a very good source and Liz Claman who worked for CNBC for years and no longer was one of my best sources of market intellligence.

 

[Daniel Nenni]

Note how he interchanges US and me.

Politics has never been funnier. Ronald Reagan was funny. I remember when Gerald Ford used to do physical comedy falling down and stuff but this is next level funny! GO USA!

 

[MKWVentures]

The investment was objectively a great investment for the US. They also have warrants at 20/share if Intel sells off IFS. It was also a great deal for Intel as it helped balance sheet. the deal also eliminated future grants and restrictions on grants. Its a great deal

Yes Trump gloats and says he did it all .... that it nothing new.

every stock investor claims they made money based on value, whether they cashed out or not.