“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.” @realDonaldTrump
Fact-Check Summary The Truth Social post is broadly accurate in reporting that the U.S. government has acquired a significant stake in Intel. The official deal, supported by public announcements and multiple news sources, is for the purchase of about 9.9% of Intel’s common shares through the conversion of existing grant commitments. However, the claim that […]