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Trump says Intel has made a 'fortune' and America has made $40 billion after the US invested in ailing chipmaker

Daniel Nenni

Daniel Nenni

Admin
Staff member
"I think we are up $40 billion since I made that big deal for myself," said President Donald Trump in an interview with Fox News. "They came in to see me, and I say, 'You know what? I think United States should own 10% of your company.' And they gave me 10%. It has been good to them too. Their stock has gone up so much that they end up making a fortune, but we make $30 or 40 billion dollars on that deal. And the same thing with that Mountain Pass. But in that case, it's because we want to get the rare earth refined."

https://twitter.com/x/status/1979920008131018995
 
Daniel Nenni said:
"I think we are up $40 billion since I made that big deal for myself," said President Donald Trump in an interview with Fox News. "They came in to see me, and I say, 'You know what? I think United States should own 10% of your company.' And they gave me 10%. It has been good to them too. Their stock has gone up so much that they end up making a fortune, but we make $30 or 40 billion dollars on that deal. And the same thing with that Mountain Pass. But in that case, it's because we want to get the rare earth refined."

https://twitter.com/x/status/1979920008131018995
Click to expand...

So have INTEL cashed out?
 
I have followed CNBC for over twenty years, Maria Bartiromo is not their best interviewer and doesn't do her homework. Do your own homework on this one. I do this professionally, so this is not just a casual thought, I put considerable money on my own research. CNBC is generally a very good source and Liz Claman who worked for CNBC for years and no longer was one of my best sources of market intellligence.
 
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