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Trump Administration Backs Intel With $9B Subsidy, Pressures Apple and Nvidia to Adopt Its Chips

2026-07-12 21:43:22

INTC-2.40%

NVDA4.06%

According to Wall Street Journal reporting, over the past year the Trump administration has deeply intervened in Intel's operations, directly pressuring Apple and Nvidia to support the struggling chipmaker. The White House converted $9 billion in federal subsidies into a 10% equity stake in Intel, becoming its largest shareholder, while Commerce Department officials urged Apple to use Intel's foundry services for chip production and facilitated Nvidia's $5 billion investment announced in September 2025. Since CEO Lip-Bu Tan took the helm in March 2025, Intel's stock price has surged over 400%. However, challenges persist: the company's foundry business accumulated losses of $10.4 billion over the past four quarters, though its data center division posted 22% year-over-year revenue growth to $5.1 billion in April 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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