BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Intel Stock Surges 5.53% as U.S. Government Acquires 10% Stake
Intel Stock Surges 5.53% as U.S. Government Acquires 10% Stake
16
2
BTCCSquare news:
Intel Corporation's shares climbed 5.53% to $24.80 following President Trump's confirmation of a $8.9 billion government investment, securing nearly 10% equity. The deal, structured at $20.47 per share—a $4 discount to market—highlights Washington's push to bolster domestic chip production amid escalating tensions with China.
The transaction, funded through CHIPS Act grants and Intel's Secure Enclave program, marks the largest state intervention in U.S. tech since the 1980s. Analysts view this as a lifeline for Intel, which faces its first annual loss since 1986, and a strategic MOVE to reshore critical semiconductor capabilities.
By:
