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Intel Stock Adds to Gains After Reports on U.S. Taking Equity Stake in the Company
Intel shares were up about 6% on the day, adding to earlier gains after reports that President Trump is set to announce the U.S. government is taking a nearly 10% stake in troubled chipmaker. The investment would cap a two-week frenzy in Washington over the future of the company.
Trump trumpets deal giving US a 10% stake in downtrodden Intel
WASHINGTON (AP) — President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple weeks after he was depicting the company’s CEO as a conflicted leader unfit for the job.
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Why Intel Stock Soared Today
Intel ( INTC 5.64%) stock is leaping higher in Friday's trading thanks to a pair of bullish catalysts. The semiconductor ...
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the ...
The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...
In a just-breaking development, Bloomberg reports the Trump administration may take a 10% stake in Intel ( INTC -3.71%) -- ...
The Trump administration is talking about buying stock in Intel and starting a sovereign wealth fund. There isn't a dumber, ...
Intel looks to be set to get the U.S. government as a shareholder. The Trump administration could pursue equity stakes in ...
3don MSN
Nvidia And Intel Lead Tech Stock Drop As White House Reportedly Seeks Equity For CHIPS Grants
Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money ...
Late Edition" focuses on the intersection of politics and global business. On today's show, Former Kansas City Fed President, ...
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