In this article

INTC

Follow your favorite stocks CREATE FREE ACCOUNT

Shares of U.S. chipmaker Intel climbed 3% Thursday, putting the monthly gain over 50%.

The surge pushed the stock past $37, hiking the value of the U.S. government's 10% stake in Intel to roughly $16 billion.

The Trump administration negotiated an $8.9 billion investment in Intel common stock in August, purchasing 433.3 million shares at $20.47 per share.

Press secretary Karoline Leavitt celebrated the surge with a post on X from the Association of Mature American Citizens, a conservative organization.

The equity stake is being funded by grants previously awarded to Intel under former President Joe Biden's U.S. CHIPS and Science Act, according to a release .

The company has already received $2.2

See Full Page