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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.
Intel stock also gained ground, thanks to news that the U.S. government is taking a nearly 10% equity stake in the company.
Japan’s SoftBank agreed to invest $2 billion in Intel, boosting the U.S. chip maker’s stock. On Monday, Intel announced ...
The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...
The United States government is making an $8.9 billion investment in Intel, representing a 9.9 percent stake in the company, ...
2don 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 ...
The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 ...
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the ...
The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in ...
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