The state obtained 10% of the chipmaker’s stock in 2025, near its lowest valuation in over a decade
The US government has gained an estimated $27 billion in paper profit from its Intel investment as the chipmaker’s shares have more than doubled since the beginning of this year alone.
Intel shares jumped more than 20% on Friday after the company reported better-than-expected results. The Silicon Valley firm revealed on Thursday that it generated $13.6 billion in revenue for the first quarter of 2026, up 7% year-on-year and above forecasts.
The results, along with a stronger outlook for the next quarter, put Intel on track for one of its biggest…
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