Trump Says He’d Make Deals Like the Intel Stake ‘All Day Long’

President Donald Trump says he’s looking to make more deals like the one he announced last week with Intel (INTC), with the government taking a 10% stake in the chipmaker Friday. 

“I will make deals like that for our Country all day long. I will also help those companies that make such lucrative deals with the United States,” Trump said in a post on Truth Social. “I love seeing their stock price go up, making the USA RICHER, AND RICHER.” 

Shares of Intel were up about 1% in recent trading, extending gains Friday as details of the deal, which is being funded by a combination of awards under the CHIPS Act, emerged. 

Intel CEO Lip-Bu Tan on Friday said the company is grateful for the government’s confidence and that Intel looks forward to working together “to advance U.S. technology and manufacturing leadership.” Trump earlier this month called for Tan’s resignation.

For Intel, which has in recent months slashed its headcount and sold off parts of its business as part of a turnaround effort, an improving relationship with the Trump administration has been broadly seen as positive. UBS analysts said Monday that the deal has boosted optimism that Intel’s chip manufacturing arm could attract more customers, for example. 

But Intel also warned in a regulatory filing Monday that the move could lower its chances of winning future awards from the government and harm its international sales. It’s also dilutive for preexisting shareholders, and “has the appearance of the government clawing back” funds that were already pledged, Morgan Stanley analysts wrote.

Bernstein analysts on Monday said the equity agreement includes “a sort of poison pill” that could make it less appealing for Intel to consider spinning off its manufacturing business, with the government also receiving warrants for an additional 5% of the company if ownership of its foundry ever drops below 51%. 

Wall Street analysts warned last week that a deal like Intel’s might hold less appeal for other companies on more solid footing, with the administration saying Friday it would not seek equity in some other CHIPS Act recipients like TSMC (TSM) after The Wall Street Journal reported the chipmaker said it could return CHIPS Act funds if the government demands a stake. TSMC declined to comment on the talks.