Overview
- Trump, in a Fortune interview published Monday, said he regretted asking for only a 10% stake and claimed tariffs under his approach would have left Intel dominant over TSMC.
- The U.S. obtained about 9.9% of Intel by converting roughly $5.7 billion in CHIPS Act grants and $3.2 billion in other awards into equity, with a five-year $20-per-share warrant that could add about 5%.
- Intel shares edged up about 0.7% in premarket trading Monday to $109.51 even as broader futures slipped, extending a multi-month rally that followed the stake announcement.
- Intel’s latest quarter topped forecasts with EPS of $0.29 versus $0.01 expected and revenue of $13.58 billion versus $12.32 billion, as management said data center CPU demand is running ahead of supply.
- TSMC still leads in advanced chipmaking, U.S. fabs take years to build, and Intel’s IDM 2.0 plan calls for more than $100 billion in U.S. manufacturing and R&D while Arizona projects start on older process nodes.