U.S. Mulls Equity Stake in Intel to Boost Domestic Chip Production
Summary
In a bold move towards state capitalism, the U.S. government explores taking an equity stake in Intel, sending the chipmaker's stock soaring and signaling a push to boost domestic semiconductor production amid global supply chain challenges.
Key Points
- The U.S. government holds discussions on taking an equity stake in Intel
- A deal would bolster domestic semiconductor fabrication, a move toward state capitalism
- Intel's stock surges after reports, adding over $7 billion to its market capitalization