President Trump, Sec. Lutnick praise Intel after the launch of Panther Lake chips — says investment in company already bringing ‘tens of billions of dollars for the American people’
President Donald Trump and Commerce Secretary Howard Lutnick went on their respective social media platforms to praise Intel and its CEO, Lip-Bu Tan, for the launch of the first chips made using the Intel 18A process node. They also said that it's another step towards the U.S. regaining its lead in cutting-edge chip manufacturing.
(Image credit: Intel)
President Donald Trump and Commerce Secretary Howard Lutnick went on social media to praise Intel and its CEO, Lip-Bu Tan, after the successful launch of the Panther Lake processors. Trump called Tan “the very successful Intel CEO” on his social media platform, saying that the 10% stake the White House took in Intel is already showing a good return for the government. Both the president and Lutnick also mentioned how the company is helping the U.S. regain its lead in cutting-edge chip manufacturing.
“The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens of Billions of Dollars for the American People — IN JUST FOUR MONTHS,” the U.S. president said on Truth Social. “We made a GREAT Deal, and so did Intel. Our Country is determined to bring leading edge Chip Manufacturing back to America, and that is exactly what is happening!!!” The Commerce Secretary also posted on X, “Just four months after the United States invested in Intel, that investment is already delivering tens of billions in value for the American people. That momentum continues with Intel’s new 1.8-nanometer processor, a major step in bringing semiconductor manufacturing back home.”
Spent time today with @LipBuTan1, Intel’s CEO. Just four months after the United States invested in Intel, that investment is already delivering tens of billions in value for the American people. That momentum continues with Intel’s new 1.8-nanometer processor, a major step in… https://t.co/V9U19JtTPwJanuary 9, 2026
Intel has been struggling in the past year, with the company announcing a disastrous quarterly report in July 2024, resulting in a $39 billion drop in market cap overnight. It has resulted in thousands of layoffs, with Pat Gelsinger unexpectedly retiring in December 2024. He was replaced by Lip-Bu Tan in March 2025, who had some , leading to Trump calling on him to .
