The U.S. government’s stake in Intel surged to approximately $36 billion. This valuation reflects a paper gain of nearly $27 billion.
Intel shares reached an all-time high following strong earnings and a positive financial outlook. Surging demand for AI chips drove the market rally.
The government acquired a 9.9% stake in August 2025. The initial investment totaled $8.9 billion. The purchase included 433.3 million shares at $20.47 each.
Funding originated from converting CHIPS and Science Act and Secure Enclave program grants into equity. The government maintains a passive stake with no board representation or governance rights.