The Trump administration touts a ‘capex boom’ during the latest Cabinet meeting.
The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif., on July 26, 2025. The Trump administration took equity stakes in the semiconductor giant in August. Gary Wang/The Epoch Times
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President Donald Trump said on Dec. 2 that the U.S. government made $40 billion from its deal with chipmaker Intel.
The president, speaking during his Cabinet meeting, told reporters that the head of Intel visited him to discuss problems the company had been facing.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
