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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.
US to Take 10% Equity Stake in Intel, in Trump's Latest Corporate Move
The exact details of the arrangement are still unclear, but U.S. Commerce Secretary Howard Lutnick said on Tuesday the government continued to work on the possibility of taking a 10% stake in Intel. The White House did not immediately respond to a Reuters request for comment while Intel declined to comment.
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Why Intel Stock Soared Today
Intel ( INTC 5.64%) stock is leaping higher in Friday's trading thanks to a pair of bullish catalysts. The semiconductor ...
Shining a Spotlight on Intel Intel (NASDAQ:INTC) has emerged from the shadows of its semiconductor rivals, capturing the ...
The Trump administration previously signaled interest in investing in the struggling chip maker and will use funds from Biden ...
U.S. President Donald Trump is injecting nearly $9 billion into Intel in exchange for a 9.9% equity stake. But the money - ...
Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.
In a just-breaking development, Bloomberg reports the Trump administration may take a 10% stake in Intel ( INTC -3.71%) -- ...
Intel’s stock rose 7% on Tuesday after SoftBank announced a stake in the chip maker, and as the U.S. government considers an ...
Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday after it was announced that Softbank will invest $2 billion in the ...
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Why Intel Stock Is Sinking Today
Intel stock dips as the U.S. government eyes an equity stake. Commerce Secretary Howard Lutnick told CNBC that the U.S.
The Trump administration is talking about buying stock in Intel and starting a sovereign wealth fund. There isn't a dumber, ...
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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 ...
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