Trump Regrets Not Asking for a Bigger Stake in "Intel"

SadaNews - U.S. President Donald Trump stated in an interview with Fortune magazine published on Monday that he "should have asked for a larger stake" in Intel for the benefit of the U.S. government.

Last year, the Trump administration acquired a 10% stake in "Intel" and announced an investment of about $10 billion in the semiconductor manufacturer to build or expand its factories in the United States.

Eight months after the deal, the value of the government's stake in Intel rose to over $50 billion.

Trump questioned in his talk with "Fortune":"Am I credited for that? Does anyone even know I did that?", according to "Reuters".

When asked about the government's exit strategy from its investment in "Intel", Fortune reported that Trump believes that the shares can be sold gradually over time without causing a crash in the stock price.

Trump said: "Intel should be the biggest company in the world now". Referring to the dominance of Taiwan's TSMC in the semiconductor market, he remarked: "Intel would have gotten all this work now, had I been president earlier".

He added: "If I had been president when all these companies started sending their chips from China, I would have imposed a tariff that would have protected Intel".

Fortune reported that Trump conducted this interview before his trip to China this month, the first to Beijing since 2017. The visit ended on Friday with little progress made in trade or obtaining any tangible assistance from Beijing to end the U.S.-Israeli war on Iran, which has lasted over two months.