Trump's Investment in Intel Is Paying Off

In August, the US government announced it was converting about $9 billion in federal grants that Intel had been issued during the Biden administration into a roughly 10 percent equity stake in the company. During its third-quarter earnings on Thursday—its first financial update since Trump’s surprise investment—Intel reported that it earned $13.7 billion in revenue over the past three months, a three percent increase year-over-year. It’s the fourth consecutive quarter that Intel has beat revenue guidance.

Intel’s stock price is up more than 90 percent since it made the deal with Trump over the summer. Back then, the company’s shares were trading around $20. On the heels of its earnings report today, its stock price had risen to $38.16.

The White House announced it was investing in Intel weeks after Trump publicly called for CEO Lip-Bu Tan to resign over his alleged ...