ICYMI – Trump administration to debate US taking stake in Intel. Intel surged.

Greg had the information earlier on the agency.

Shares of Intel surged over 7% on Thursday after Bloomberg reported the US authorities might take an fairness stake within the chipmaker.

The potential funding would assist development of Intel’s deliberate Ohio chip complicated, a mission introduced in 2022 with an preliminary US$20 billion outlay that would ultimately attain US$100 billion however has confronted delays amid the corporate’s turnaround efforts. Intel declined to touch upon the report.

This text was written by Aaron Cutchburt at investinglive.com.