Intel shares soar to highest in nearly two years after CEO's meeting with Trump

Intel shares rose in trading on Friday, January 9, by more than 10% after the meeting of the company's CEO Lip-Bu Tan with U.S. President Donald Trump. Quotes reached $45.5, which was their highest since March 2024. In August 2025, the White House bought the chipmaker's securities for more than half the price: the stake it bought for $8.9 billion is now worth about $19 billion, CNBC calculated. Already this year, the company's capitalization has managed to grow by 22%.

"The U.S. government is proud to be a shareholder of Intel," Trump wrote on the social media network Truth Social on Thursday after the meeting. The president noted the launch of a new chip, codenamed Panther Lake, which is "designed, manufactured and packaged right here in the USA". The company unveiled the Intel Core Ultra Series 3 line of processors this week at CES, and Lip-Bu Tan confirmed that the new processors, made with Intel 18A technology, are already shipping to customers.

Trump's announcement also boosted quotes of other U.S. semiconductor companies: Lam Research shares rose 8%, ASML and Applied Materials rose 6%, Broadcom - 3.6%, Micron - 4%, AMD - 0.3%. The VanEck Semiconductor ETF rebounded more than 2% after two days of declines.

This article was AI-translated and verified by a human editor