U.S. government’s Intel stake swells to $35 billion, netting $26.5 billion unrealized gain
By James Van Straten
Published on April 24, 2026.
The U.S. government is holding an unrealized gain of approximately $26.5 billion on its Intel (INTC) stake after the company's shares rose by over 22% following a strong-than-expected first-quarter earnings report. The government converted $8.9 billion in CHIPS Act grants and Secure Enclave funding into 433.3 million Intel shares at $20.47 apiece, giving it about a 9.9% ownership stake. The holding is now valued at approximately $35.4 billion, nearly doubling in less than a year. The company's first-month revenue was $13.6 billion, up 7% year over year and surpassing Wall Street expectations of $12.9
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