Trump boasts about his business acumen in a late-night post, claims government's investment in Intel made a big profit
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Golden Ten Data reported on June 18 that US President Trump posted late at night local time: “Right now, it’s clear the US needs to bring the semiconductor industry back to the US. We designed everything, and we (also) need manufacturing in the US right now! So I decided to help Intel, because we need to design and manufacture our chips in the US. We decided to help Intel in exchange for a 10% stake. Is that too much or too little? When we made the offer, they were worth about $100 billion. Now, they are worth more than $600 billion! In just nine months, the value increased by over $500 billion. America’s shareholding is now more than $60 billion. When was the last time a president made money for America? Thank you all for your attention to this matter!”
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