The former president also highlighted his role in facilitating a foundry deal between Intel and Nvidia, alongside a collaborative effort involving Elon Musk’s Terafab. These initiatives arrive as Intel navigates a significant federal footprint. Last year, the U.S. government secured a 10% stake in the chipmaker by converting $8.9 billion in unpaid Chips Act grants into equity.

Trump touted the financial trajectory of the company during his tenure, claiming its market valuation climbed from approximately $100 billion at the time of his initial proposal to over $600 billion today. The move signals a broader push to solidify domestic supply chains and leverage federal investment to bolster Intel’s competitive standing against global foundry rivals.