Friday's rout shaved over $11 billion off the US government's stake in Intel

Ben Werschkul · Washington Correspondent Fri, October 30, 2026 at 1:33 PM PDT 2 min read

INTC

-28.58%

The share price of Intel dropped almost 30% on Friday, shaving over $11 billion from the US government's stake in the company, though the transaction remains profitable overall.

Last August, the Trump administration took a 9.9% equity stake in the chipmaker at a price of $20.47 per share, according to a company press release at the time.

That initial stake of 433.3 million primary shares was worth about $8.9 billion. The value shot up dramatically earlier this year, with Intel (INTC) closing on Thursday at $92.07 per share, implying a value to the US government of $39.9 billion.

But the stock took a beating on Friday after the company reported earnings on Thursday night .…