Intel Shares Surge as Trump Eyes Government Stake in Chipmaker
Summary
Intel shares surge as Trump administration explores taking government stake in chipmaker to fund factories in Ohio, aligning with push for domestic chip production as Intel remains sole U.S. company capable of manufacturing fastest chips.
Key Points
- Intel stock climbs 7% on report Trump administration is considering taking stake in chipmaker
- Trump administration is in talks with Intel to have U.S. government take stake to fund factories Intel is building in Ohio
- Intel is only U.S. company capable of manufacturing fastest chips on U.S. shores, aligning with Trump's push for more domestic chip production