Intel Shares Fluctuate After U.S. Government Secures 10% Stake in Chipmaker

Intel Corp. shares experienced volatility early this week following a Friday surge sparked by news of a landmark deal with the U.S. government. The agreement grants Washington a 10% ownership stake in the semiconductor giant through the purchase of 433.3 million shares at $20.47 each, funded partially by unallocated CHIPS Act grants.

The transaction, personally negotiated by former President TRUMP with CEO Lip-Bu Tan, represents a strategic move to bolster domestic semiconductor capabilities. Commerce Department officials framed the investment as critical for maintaining America's technological competitiveness, though market reaction remained measured as traders assessed the long-term implications.

Technical analysts highlight key resistance levels at $26 and $30, with support zones forming NEAR $22 and $19. Recent volume patterns suggest accumulating investor interest, potentially signaling an impending breakout from the stock's established trading range.