President Trump, Sec. Lutnick praise Intel after the launch of Panther Lake chips — says investment in company already bringing ‘tens of billions of dollars for the American people’

President Trump and Commerce Secretary Howard Lutnick praised Intel and its CEO, Lip-Bu Tan, following the successful launch of the Panther Lake processors. Trump highlighted the 10% stake the White House took in Intel, noting the significant return on investment for the government. The company's efforts in cutting-edge chip manufacturing were also commended as contributing to the U.S.'s technological leadership. Despite previous struggles, Intel's recent developments, including the launch of the Intel Core Ultra Series 3 chips at CES 2026, have shown promising performance improvements, particularly in gaming. CEO Lip-Bu Tan expressed Intel's commitment to advancing chip manufacturing, with a focus on the 14A node.