Trump Defends Intel Deal And Calls Critics ‘Stupid’ - News Summed Up

Trump Defends Intel Deal And Calls Critics ‘Stupid’


LOADING ERROR LOADINGPresident Donald Trump took aim at the people who’ve criticized his administration’s multibillion-dollar agreement with Intel. In a pointed Truth Social post Monday, Trump claimed he had “paid zero for Intel,” though according to a joint press release from the Trump administration and Intel, the U.S. government has pledged to invest nearly $9 billion into the tech behemoth. The deal also comes as the United States has been working to get a leg up in the intense race against China to achieve global dominance in the artificial intelligence industry. “Terrible idea.”“Shark Tank” host and Trump supporter Kevin O’Leary also blasted the U.S. government for taking a stake in Intel. Meanwhile, Tan praised the U.S. government’s deal with Intel in a statement in a press release.


Source: Huffington Post August 25, 2025 23:02 UTC



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