Trump to decide how long to hold Intel stock, Hassett says

U.S. President Trump will decide how long to hold Intel (INTC.O) stock, White House National Economic Council director Hassett said. The comment adds to Trump's earlier statement that the U.S. government decided to help Intel in exchange for a 10% stake, part of a broader push to bring semiconductor design and manufacturing back to the United States. In a June 18 social media post previously cited by BlockBeats, Trump said Nvidia agreed to work with Intel to manufacture its first-tier chips, Musk agreed to build his TerraFab with Intel's technical team, and Apple agreed to work with Intel on designing and making chips in the United States. Trump said Intel was worth about $100 billion when the offer was made and was later worth more than $600 billion, putting the government's holding at more than $60 billion.

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