White House Plans to Invest in Intel Amid Ongoing Speculations

Former Chrysler and Home Depot CEO Bob Nardelli recently commended President Donald Trump’s daring economic strategies, particularly regarding a potential billion-dollar asset sale that addresses concerns about Inter’s ties to China and the ongoing housing crisis, as discussed on “Mornings with Maria.”

Bloomberg reports that the White House is considering a 10% stake in Intel, a move that may boost national security and enhance chip production in the US, especially compared to Asian and other international competitors.

Although Intel shares dipped recently, they’re still up around 18% this year. Encouraging reports from government investments seem to have contributed to the recent rise in stock prices, with a notable 24% increase over last week, marking the best weekly performance since January 2000, according to Dow Jones Market Data Group.

Both the White House and Intel did not respond to inquiries from Fox Business.

Trump Urges Intel CEO to Resign Over China Connections

Intel CEO Ripbu Tang faced President Trump’s ire after the latter called for changes in the company’s ties with China, demanding that Intel’s leadership step down. “Intel CEOs are conflicted and must resign immediately. There is no other solution to this issue,” Trump posted on Truth Social.

In response, Tang spent the following days defending himself, even reaching out to employees through letters, and ultimately meeting with Trump and his administration, in hopes of easing tensions.

During an interview last week, Nardelli weighed in on the situation, stating, “I think this is another positive example of how President Trump really refined the art of trade. What he’s done to boost the global economy is remarkable.”

Intel has been under significant pressure from shareholders due to its struggle to turn things around. Former CEO Patrick Gelsinger, who stepped down in December 2024, was a central figure in this turmoil, particularly following then-President Biden’s addressing of the issue in a 2022 Union speech.

New Leadership at Intel Faces Major Challenges

The chip manufacturer has benefited significantly from the government’s chip and science legislation, receiving $78.6 billion from the Biden administration aimed at supporting semiconductor projects across various states, including Arizona, New Mexico, Ohio, and Oregon. This amount is less than the $8.5 billion federal grant initially anticipated in March 2024.