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Mario Nawfal, founder & CEO at IBC Group, reports that the Trump administration converted unpaid CHIPS Act funds into an approximate 10% ownership stake in Intel last year.
According to Nawfal, Intel's share price surged following this move, and President Donald Trump now states that the value of the government's stake has increased by $72 billion, calling attention to the significant profit the government made from the investment.
Nawfal has previously highlighted high concentration in the S&P 500, noting that 10 mega-cap stocks have made up 43% of the index’s value for 12 consecutive months. He also reported on Elon Musk’s launch of SpaceX’s STARMIND AI satellite network featuring one million satellites. These updates reflect Nawfal’s ongoing tracking of major developments by US corporations.