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Intel Stock Surges 7% Amid Reports of Potential U.S. Government Stake
Intel Stock Surges 7% Amid Reports of Potential U.S. Government Stake
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BTCCSquare news:
Intel's shares jumped 7% following reports that the TRUMP administration is considering taking an equity stake in the chipmaker. The move aims to bolster Intel's struggling semiconductor business and maintain advanced manufacturing capabilities on U.S. soil. Federal funds could directly support Intel's delayed Ohio manufacturing project, aligning with Trump's push for domestic chip production.
Intel remains the sole U.S. company capable of producing cutting-edge processors, while foreign rivals like TSMC and Samsung operate stateside but lack domestic status. The proposal follows a public clash between Trump and Intel CEO Lip-Bu Tan, who nonetheless attended a WHITE House meeting to discuss the potential deal.
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