Marketplace · Friday, July 24, 2026
Intel reported a 25% increase in sales last quarter, its largest in over 15 years, largely due to surging demand for its CPU chips driven by AI. This turnaround is significant as American taxpayers, through the Trump administration's CHIPS Act grants, own nearly 10% of the company, now valued at approximately $40 billion.
“Intel reported profits yesterday, sales up 25% last quarter, the biggest increase in more than 15 years.”
“This is of more than passing interest to American taxpayers who now own nearly 10% of that company.”
“That stake, by the way, now worth about $40 billion, give or take.”