Trump Says Intel Agreed to Give US a 10% Equity Stake

Watch Trump Says Intel Agreed to Give US a 10% Equity Stake - Bloomberg on Dailymotion

Transcript

00:00Intel has been left behind, as you know, compared to Jensen and some of our friends,

00:07NVIDIA, some of the people, and the people in...

00:10Because Intel should have never been...

00:12Intel was the biggest, most powerful chip company in the world.

00:17And then they started leaving.

00:21And they started going to foreign countries, in particular Taiwan.

00:25And if we had a president that would have said,

00:27okay, you can go to Taiwan, but we're going to put a 100% tariff or a 200% or a 300% or a 500% tariff.

00:34Anybody that sells into the United States has to pay.

00:36They wouldn't have left.

00:37They would have never left, and we wouldn't have.

00:39So in the meantime, we had people that were, in some cases, good politicians that weren't good on trade.

00:45I loved that man, but he was not good on trade.

00:47I totally disagree.

00:49He allowed the car industry to be taken out of this country.

00:52We lost 50% of our car industry.

00:55But that's all coming back.

00:56It's all coming back.

00:57But if somebody would have said that with Intel, it would be a giant right now.

01:02Now, with that, they've had some bad management over the years, and they got lost.

01:06And I said, I think you should pay us 10% of your company.

01:10And they said, yes.

01:11That's about $10 billion.

01:13I don't get it.

01:15This comes to the United States of America.

01:17And I said, I think it would be good having the United States as your partner.

01:21He agreed.

01:21And they've agreed to do it.

01:22And I think it's a great deal for them.

01:24And I think it's a great deal.

01:25He walked in wanting to keep his job, and he ended up giving us $10 billion for the United States.

01:31So we picked up $10 billion.

01:32And then we picked up $12 billion.

01:32And then we picked up $10 billion.

01:42And then we picked up $49 billion in trying to put $12 billion.