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Intel Stock Surges on Potential Semiconductor Tariffs and Government Backing
Intel Stock Surges on Potential Semiconductor Tariffs and Government Backing
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BTCCSquare news:
Intel shares rallied 5.5% Friday afternoon as reports surfaced of potential tariffs targeting semiconductor companies with outsized overseas manufacturing. The TRUMP administration's proposed policy would impose levies on firms failing to maintain a 1:1 domestic-to-international production ratio—a move aligning with broader efforts to reshore critical industries.
The chipmaker's momentum builds on recent strategic developments. Last month saw the federal government acquire a 10% stake in Intel, while a $5 billion private investment aims to bolster its AI data center capabilities. These interventions arrive as the company navigates a complex turnaround landscape.
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