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TRUMP PULLS OFF A STUNNING $10 BILLION POWER MOVE WITH INTEL!
In a jaw-dropping announcement that could change the tech landscape forever, President Trump declared that American chip giant Intel is giving a whopping 10% stake—worth an eye-popping $10 billion—directly to the U.S. government!
"They’ve been floundering under poor management, and I told them to cough it up!" Trump revealed at a press conference in the Oval Office. "And guess what? They agreed! That’s about $10 billion coming back to the USA!"
Intel had already raked in nearly $11 billion in grants to supercharge manufacturing in the U.S. under the controversial CHIPS and Science Act, a brainchild of the Biden administration. But now, the agreement means the government will snatch a piece of Intel’s equity to justify that public funding—without even clutching any power over Intel’s operations!
SHARE PRICES SOAR! Following this revelation, Intel’s stock skyrocketed by a stunning 5.5% as the market reacted to this monumental news.
Of course, Intel’s tight-lipped spokesperson had nothing to say, and the White House was also mum on immediate comments. But the plot thickens—Commerce Secretary Howard Lutnick previously hinted at this move, claiming, “We should get an equity stake for our money!”
Trump claims this deal sprouted from a nail-biting conversation with Intel CEO Lip-Bu Tan, who’s already on rocky ground after Trump previously called for his resignation! That dramatic shift came after concerns were raised about Tan’s cozy connections with Chinese companies—an explosive issue bringing global tensions to the forefront!
"He walked in desperate to keep his job, and walked out handing us $10 billion for the American people," Trump bragged.
This audacious move comes amidst Trump’s newfound aggressive strategy to assert government control over critical U.S. industries. From demanding board seats in major mergers to striking revenue-sharing pacts with chipmakers Nvidia and AMD, he’s locking down deals that could shake up the entire industry!
But not everyone is on board. Some GOP heavyweights, including Sen. Rand Paul, blasted Trump’s endeavor, warning, "Isn’t government owning a piece of Intel a downright step toward socialism? Pure madness!" But Trump remained unfazed, insisting that as long as these interventions bolster U.S. military and national security, he’s just getting started!
"We do a lot of deals like that. I’ll do more of them," he declared confidently.
Buckle up, folks! We’re witnessing a seismic shift in how American companies will operate under governmental watch— and the spotlight is only going to get hotter!
photo credit: fortune.com
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